OST handles more than $3.7B in trust for tribes and individuals
Posted: Tuesday, September 25, 2012
The Office of the Special Trustee for American
manages more than $3.7 billion in trust for tribes and individual Indians.
OST manages more than 2,900 accounts for more than 250 tribes, according to an Interior Department budget document
. Another 380,000 accounts represent the Individual Indian Money (IIM) trust.
The funds come from land claim settlements, judgment awards, per capita payments and activities such as grazing, timber and energy development.
Vincent Logan, a member of the Osage Nation
of Oklahoma, will oversee funds if he is confirmed as the next Special Trustee.
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