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Wednesday, October 26
RAPID CITY, SOUTH DAKOTA - Tribal leaders from the Great Plains region will participate in the final Cobell Settlement regional tribal consultation today in Rapid City, South Dakota.
The $3.4 billion Cobell settlement was approved by Congress on November 30, 2010 (Claims Resolution Act of 2010) and signed by President Obama on December 8, 2010. The Cobell Settlement will address the federal government's responsibility for an historical accounting of individual Indian trust accounts and trust mismanagement claims on behalf of more than 300,000 individual American Indians. A fund of $1.5 billion will be used to compensate class members for their historical accounting, trust administration and asset mismanagement claims.
In addition, to address the continued proliferation of thousands of new trust accounts caused by the "fractionation" of land interests through successive generations, the Settlement establishes a $1.9 billion fund for the voluntary buy-back and consolidation of fractionated land interests. The land consolidation program will provide individual American Indians with an opportunity to obtain cash payments for divided trust land interests and free up the land for the benefit of tribal communities. Up to $60 million of the $1.9 billion will be set aside to provide scholarships for post secondary higher education and vocational training for American Indians and Alaska Natives.
US Department of the Interior Deputy Assistant Secretary-Indian Affairs for Policy and Economic Development Jodi Gillette and Bureau of Indian Affairs (BIA) Director Michael Black will attend the final regional government-to-government tribal consultation.
WHO: Tribal leaders from the BIA Great Plains and Other Regions
Jodi Gillette, Deputy Assistant Secretary for Policy and Economic Development, Indian Affairs, US Department of the Interior
Michael Black, Director, Bureau of Indian Affairs, US Department of the Interior
WHAT: Final Regional Tribal Consultation on the Cobell Trust Land Consolidation Program
WHEN: Wednesday, October 26
Registration will begin at 7:00 am mdt
Consultation will begin at 8:30 am -4:00 pm mdt
WHERE: Best Western Ramkota Hotel
2111 N La Crosse Street
Rapid City, South Dakota
posted October 26, 2011 6:00 am edt
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