An Act
LEGISLATIVE ACT 15-02
Title
AN ACT AUTHORIZING AND RESTRICTING THE DEPOSIT OF
ADDITIONAL PROCEEDS FROM THE RAMAH NAVAJO
SETTLEMENT INTO A SEPARATE INTEREST BEARING ACCOUNT
Body
BE IT ENACTED BY THE CHEROKEE NATION:
SECTION ONE: TITLE
This Act shall be entitled: The Ramah Navajo Settlement Depository Act of 2002. SECTION TWO: PURPOSE
The purpose of this enactment is to authorize the deposit of additional funds the Cherokee Nation has received pursuant to Ramah Navajo Chapter v. Bruce Babbitt et al., CIV No. 90-0957 LH/WWD in the United States District Court for the District of New Mexico, and to maintain those funds until appropriated by the Cherokee Nation Tribal Council.
SECTION THREE: LEGISLATIVE HISTORY
A. The Constitution of the Cherokee Nation at Article X and CNCA, Title 62, provide that fiscal responsibilities are vested with the Tribal Council.
B. The Constitution of the Cherokee Nation, Article X, Section 2 states "The Council shall provide by law for annual expenditure of funds, and the source from which funds are to be derived to defray the estimated expenses of the Executive, Council, Cabinet and Departments of Government of the Cherokee Nation for each fiscal year. The budget shall not exceed estimated revenues."
C. CNCA, Title 62, Section 31, sub-section A states "All appropriations of funds shall be provided for by law. The appropriations bill shall include the source of funds, the amount of funds, and the purpose for which the funds are being appropriated."
SECTION FOUR: DEFINITIONS
Council: means the Tribal Council of the Cherokee Nation
Secretary Treasurer: means the Secretary Treasurer of the Cherokee Nation.
Additional Settlement Funds: means the two hundred fifty three thousand six hundred eighty four dollars and seventy four cents ($253,684.74) awarded to the Cherokee Nation as a class member in the lawsuit Ramah Navajo v. Bruce Babbitt et al., CIV No. 90-0957 LH/WWD, plus any accumulated interest earned on that amount subsequent ...
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