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
Follow this bill
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
The Claims Resolution Act of 2010 (Public Law 111–291) is amended by adding after section 626 the following:
627. Interest payments
(a) Adjusted interest payments. In addition to amounts made available under section 617, there is authorized to be appropriated to the Secretary for deposit into the Aamodt Settlement Pueblos’ Fund established by section 615(a) $4,314,709.18 for the Pueblos’ share of the costs of operating, maintaining, and replacing the Pueblo Water Facilities and the Regional Water System, as set forth in section 617(c)(1)(B).
(b) Waiver of payment. To the extent monies are due or payable to the United States attributable to interest earned on amounts made available under section 617(c)(1)(A) prior to September 15, 2017, the Secretary of the Treasury shall waive payment of such monies.