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TUESDAY, JULY 16, 2002

The Department of Interior's claimed reconciliation of 8,000 Individual Indian Money (IIM) accounts doesn't impact the majority of oil, gas and other asset owners, The Gallup Independent reports.

The reconciliation affected judgment fund accounts. These are payments made to tribal members from land claims or other settlements.

As a result, there are little transactions to report and few documents to locate. The 8,000 accounts represented $22.7 million, according to DOI.

The majority account holders with oil, gas, timber and other assets would require a more difficult transaction-by-transaction accounting. Lease documents and other records would also be needed.

Get the Story:
Feds resolve only a small percent of trust accounts (The Gallup Independent 7/15)

Today on Indianz.Com:
Objections on trust fund ignored (7/16)

Relevant Links:
Indian Trust, Department of Interior - http://www.doi.gov/indiantrust
Indian Trust: Cobell v. Norton - http://www.indiantrust.com
Trust Reform, NCAI - http://www.ncai.org/main/pages/
issues/other_issues/trust_reform.asp

Related Stories:
House trust fund bill opposed (7/15)
Full accounting said not 'cost effective' (7/15)
Griles slammed for ignorance (7/12)
DOI denies involvement in House bill (7/12)
Court monitor releases new report (7/11)
ABC program to focus on Indian trust fund (7/11)
Tribes express doubts on trust reform (7/11)
Norton delivers accounting plan (7/5)
Cobell kicks off Indian Country tour (7/3)
Trust fund monitor defended (7/2)
Historical accounting plan delayed (7/2)
Norton's accounting funds limited (6/28)
Griles can't explain trust standards (6/27)