indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Native American Bank - Native people investing in Native communities
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
About 350K to share in first round of Cobell settlement payout

Filed Under: Cobell
More on: alaska, arizona, doi, land consolidation, oklahoma
     

About 350,000 Indian beneficiaries across the nation are expected to share in the first round of payments from the $3.4 billion Cobell trust fund settlement, attorneys for the late Elouise Cobell said on Monday.

The first round will be a $1,000 payment to settle historical accounting claims. The money is expected to go out before Christmas.

“We all are happy that this settlement can finally be implemented,” lead counsel Dennis Gingold said in a press release yesterday “We deeply regret that Ms. Cobell did not live to see this day.”

An estimated 50,000 Indian beneficiaries in Oklahoma are expected to receive the $1,000 payment. Another 30,000 in Arizona are also slated to benefit.

About 5,400 Alaska Natives are also a part of the settlement. However, their share is likely to come from the portion of the settlement that addresses trust administration, The Fairbanks Daily News-Miner.

The trust administration payment will come to a minimum of $800. But many will receive additional funds based on the level of activity in his or her trust fund account.

In total, $1.5 billion was set aside for the historical accounting and the trust administration classes of the settlement. The trust administration payments will come in a second round at a later date.

Additionally, the Interior Department will spend $1.9 billion to buy fractionated interests from Indian landowners. The land consolidation program is entirely voluntary -- any land purchases will be returned to tribal governments.

Get the Story:
Payments to begin soon for Indian trust account holders (The Oklahoman 11/27)
Historic Native American Class Action 'Finally Has Ended' (The Blog of Legal Times 11/26)
Feds Finalize Cobell Settlement With Tribes (KPBS 11/26)
Some Alaska Natives included in Cobell land, trust settlement (The Fairbanks Daily News-Miner 11/26)
$3.4 billion Indian land royalty lawsuit ends after nearly 17 years, checks to be disbursed (AP 11/26)

Related Stories:
Obama announces final approval for Cobell settlement payout (11/26)
About 30K in Arizona expected to benefit from Cobell payouts (11/14)
Geoffrey Rempel: The truth behind the withdrawn Cobell appeal (11/12)
Ask Elouise: Appeals of $3.4B Cobell trust settlement dismissed (11/8)
Cobell settlement cleared after Supreme Court dismisses appeal (11/8)
Mary Aurelia Johns explains reasons for dropping Cobell appeal (11/08)
Supreme Court refuses to take Kimberly Craven's Cobell appeal (10/29)
Secretary Salazar anticipates Cobell payments by end of year (10/23)
Beneficiaries want Supreme Court to review Cobell settlement (09/24)
Obama nominates Vince Logan, Osage, as new Special Trustee (09/24)
S.E. Ruckman: Indian Country wants to see Cobell payouts (09/18)
ICT refused to run Keith Harper's response on Cobell stories (09/18)
Keith Harper: Just a few truths about Obama, Cobell and me (9/12)
Ask Elouise: Lead counsel Dennis Gingold on status of payout (09/11)
Native Sun News: Cobell settlement on hold with more appeals (08/31)
Reply for Kimberly Craven's Cobell appeal due September 21 (08/24)
Kimberly Craven appeal delays $3.4B Cobell settlement again (08/23)
Cobell critic asks Supreme Court to review $3.4B settlement (08/20)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
President of Alaska Native village highlights threat to community (9/3)
President Barack Obama offers thoughts on historic trip to Alaska (9/3)
President Obama enjoys unique welcome in Alaska Native village (9/3)
Transcript: President Obama speaks in Native village of Kotzebue (9/3)
Democrats slam GOP candidate for comments about assimilation (9/3)
Poarch Creeks secure major ruling in gaming dispute in Alabama (9/3)
Native Sun News: City faces possible suit from Lakota 57 parents (9/3)
Lakota Country Times: Sinte Gleska University to expand campus (9/3)
Tim Giago: Republicans show hypocrisy on the 14th Amendment (9/3)
Ivan Star: 'English education' obliterated culture and language (9/3)
Gyasi Ross: Obama's checkered record on Native environment (9/3)
Opinion: Indian Child Welfare Act doesn't help Indian children (9/3)
Appeal planned in Grand Ronde Tribes disenrollment dispute (9/3)
Blackfeet Nation states opposition to drilling on sacred land (9/3)
Father of Native woman who died in jail cell considers lawsuit (9/3)
Oglala Sioux Tribe set to open $16.5M nursing home next year (9/3)
Donald Trump's campaign manager linked to Abramoff scandal (9/3)
Navajo Nation plans big development next to casino in Arizona (9/3)
Graton Rancheria breaks ground on $175M expansion at casino (9/3)
United Auburn Indian Community compact gains quick approval (9/3)
New Mexico tribes weren't involved in off-reservation casino bid (9/3)
Parents of Lakota 57 respond to not guilty verdict in Rapid City (9/2)
Grand Ronde Tribes to disenroll 86 descendants of treaty signer (9/2)
Lakota Country Times: New food bank on Pine Ridge Reservation (9/2)
Mark Trahant: FCC invents new law for tribal lands in Oklahoma (9/2)
Native Sun News Editorial: Republican attacks on Hillary Clinton (9/2)
Vi Waln: Rosebud Sioux Tribe needs to establish 'virtual' school (9/2)
Steven Newcomb: The religious basis of Doctrine of Discovery (9/2)
Frank Bibeau: Ojibwe people assert treaty rights in Minnesota (9/2)
Carly McIntosh: Feeling love from elders at naming ceremony (9/2)
Winnebago Tribe reports results of primary election for council (9/2)
President Obama set for visit to Native communities in Alaska (9/2)
Alaska Native students being left behind in their own backyard (9/2)
Opinion: Alaska will lose appeal in BIA land-into-trust lawsuit (9/2)
Native children being removed at alarming rates in Manitoba (9/2)
Crow Tribe opens apartment complex for homeless veterans (9/2)
Mississippi Choctaw leader faces challenge in election drama (9/2)
Mohegan Tribe elects incumbents and newcomer for council (9/2)
Donald Trump wanted a casino with Seminole Tribe in Florida (9/2)
New Mexico tribes proposed casino in downtown Albuquerque (9/2)
Construction worker dies at site of Jamul Indian Village casino (9/2)
Lakota Country Times: Not guilty verdict after Lakota 57 trial (9/1)
President Obama meets Native leaders after landing in Alaska (9/1)
Rhonda Pitka: Alaska Natives put priority on subsistence rights (9/1)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.