1971 Congressional Bill H.R. 10858: Disposition of Funds for Pueblo de Acoma Judgment, 1971-01-08

The bill H.R. 10858 authorizes the distribution and use of a claims judgment recovered by the Acoma Pueblo, allowing the funds to be invested and used for various purposes as approved by the tribal governing body and the Secretary of the Interior. The bill exempts the funds from federal and state income taxes and authorizes the Secretary of the Interior to establish rules and regulations for its implementation. The bill has been reported favorably by the Committee on Interior and Insular Affairs without amendments and is recommended for passage.