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Shoshone-Paiute Water Rights Act: Interest Payments for Trust Funds.

This act makes a technical correction to a previous law concerning the water rights of the Shoshone-Paiute Tribes. The main change authorizes the payment of interest that should have accrued on the tribes' trust funds between 2009 and 2016. This means the tribes will receive additional financial resources to support their development and maintenance efforts.
Key points
The Shoshone-Paiute Tribes will receive additional funds from interest on trust funds that were not previously accrued.
The change covers the period from October 1, 2009, to January 25, 2016, correcting past oversights in fund management.
The authorized amount for the Development Fund is $5,124,902.12, supporting investments in the tribal community.
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Additional Information
Print number: 117_S_648
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2021-03-09