More: trust reform

The Office of Special Trustee for American Indians (OST) in the Office of the Secretary of the Interior is promulgating this regulation to implement Title II of Public Law 103– 412, the American Indian Trust Fund Management Reform Act of 1994 (the Act). The Act, for the first time, permits American Indian tribes to take tribal funds out of trust status with the Department of the Interior (DOI). The purpose of the Act is to enable tribes to manage the funds by themselves, or with the help of capable commercial fund managers. The regulation affects tribal funds only, not Individual Indian Monies (IIM) funds.