Law | Trust

Colville Tribes debate uses for $193M trust fund settlement

Leaders of the Confederated Tribes of the Colville Reservation in Washington are debating what to do with a $193 million trust fund settlement.

The tribe reached the settlement with the Obama administration for past mismanagement of its trust fund and trust assets. Twenty percent -- or $38.6 million -- will be distributed to tribal members on a per capita basis, The Columbia Basin Herald reports.

The remainder is up for grabs and lots of ideas are being kicked around. "We as a body agreed we were going to hear out the members first and at some point would begin the real planning on what we were going to do," Chairman Michael Finley told the paper.

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