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. 3. Authorization of payment of adjusted interest on the Taos Pueblo Water Development Fund

The Claims Resolution Act of 2010 (Public Law 111–291) is amended by adding after section 513 the following:

Text this section adds to the law

514. Adjusted interest payments. In addition to the amounts made available under section 509(c), there is authorized to be appropriated to the Secretary for deposit into the Taos Pueblo Water Development Fund established by section 505(a) $7,794,297.52.