H.R. 4598

Technical Corrections to the Northwestern New Mexico Rural Water Projects Act, Taos Pueblo Indian Water Rights Settlement Act, and Aamodt Litigation Settlement Act

Sponsor: Teresa Leger Fernandez · 0 cosponsors

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Official summary

Written by the Congressional Research Service.

Technical Corrections to the Northwestern New Mexico Rural Water Projects Act, Taos Pueblo Indian Water Rights Settlement Act, and Aamodt Litigation Settlement Act

This bill authorizes deposits representing unpaid interest into the Navajo Nation Water Resources Development Trust Fund, the Taos Pueblo Water Development Fund, and the Aamodt Settlement Pueblos’ Fund. These funds were established in 2009 and 2010 under certain water rights settlement agreements that did not allow accrual of interest.

Text of the bill

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Sec. 2. Authorization of payment of adjusted interest on the Navajo Nation Water Resources Development Trust Fund

The Omnibus Public Land Management Act of 2009 (Public Law 111–11) is amended—

(1) in section 10701(e)(1)(A)(vii), by striking 10702. and inserting 10702, except for deposits made pursuant to section 10702(g).; and

(2) in section 10702—

(A) in subsection (a)(1), by striking subsection (f) and inserting subsections (f) and (g); and

(B) by adding at the end the following:

Text this section adds to the law

(g) Adjusted interest payments. In addition to amounts made available under subsection (f), there is authorized to be appropriated for deposit in the Trust Fund $6,357,674.46.