Free Reply to Response to Motion - District Court of Federal Claims - federal

Case 1:89-cv-00218-EJD

Document 146-3

Filed 04/03/2006

Page 1 of 2

An Act
ACT RELATING TO ESTABLISHING POLICY AND PROCEDURES FOR THE MANAGEMENT AND USE OF CHEROKEE NATION TRUST FUNDS AND TRUST ASSET3

BE R E N A m D BY TEU CHEROKEE NATION:

This act shall be +wn 8s tha "Artrantu Riverbed Tnut Fund Management Act of 2004," and codified as F& , j (section) -- of the Chet0ke.e Nation Code Annotated.
S d o nt Po-rye

The purpose of tfiie Act is to establish the poIiciea itnd ptocadurar fbr managing Cherokee N a t i o n r n l s t f u n d s a a d t i u o t a s a e t s ~ t o t a m s a a d t h c ~ I g a n t e d n o d c r P1 7 L0 Saction 6, Y Z k c b e , Ciwctaw, a n d C h i c ~ ~ ~ ~ S e t d

~ asthc~em~Acr.lhiskgistationwillgovgnthenseand~tnreof~fmadsawarded to the Chaoka N t o pursaant t the faded kgislatioa The hds warded & temainin trust ain o d l for mves&tmt.on behalfof the Chmkee Nation d such time as a p p b o p r i d by the C o d of . the Cherok& ati ion and withdrawn h m t h e - f wtrust account for the settlement .
Section 3. Legislathre History

~

~

r

e

~

t

The SettlcmcntAct specifically set esiditlnmtfimdstqba appp&ed by Congas &rTrast Land A q g k i t i ~ n and.providesfor "Requid Tmst Land Aquisitio~" mihimalpmcedd with r e ~ u h n e n tprovided, that the required aust aoqaisi@sqire ixi cm area of the lands netaby the s Arkansas Riveabed Artr in Muskogee, Mchtosh and Sequoyah'Codes, as d e s c n ~ tha in

-st&-

A &

Section 4.

Definitions

For purposes af this T i k

Trust tin&
(a)

The term %ust W"means, a l l monies, interest in the principal firoIllthe investmeator procaeds M v e d fromtbr~
Settlement rab ref&

above

S s s t i 5. ~

Use m Expenciiiure olTrnst Funds G

AAeE the pa of attomcy fees, which shall be approved by the Principal Chief and the Councilofthochmkcc Nation, andnot exceed 10% accordingto the SettlementAct, thebalanceof funds shaIl be used fix the following purposes: (I) Tha fimt M d t y for the use of ths s t l m n tcust funds shall ba given eteet refened to in W o n 3 of the legislative history to imqamte far loss o - . with the Wement Act (2) -=pio~ityfor the a%e of settlement trust f n sshall be given f nh(rtnw land ud o acqrriaitiona b d an lami mauaganent a d teawe phas of the Chemket (3) Tha K 3 batance of the fimds shall be reservedtomtomthbtribal on the needs of the N t o tmless thia act i amended. ain s

The provisions of tbii act shallbe cumulative t existing law. o

Cherokee Nation's Reply to Motion to Dismiss Complaint-In-Intervention EXHIBIT 2

1

Case 1:89-cv-00218-EJD

Document 146-3

Filed 04/03/2006

Page 2 of 2

T eptovisioni of this nct are severable and if any pact of provisi& hereof shell beheld void h thedecision of the qmt so holdingshall not affect or impair any of therumhbgparts arproviaim of this act

I baing immediatelynaccrsary for the w e l h of the Cbmkee N t o ,the Council hereby t ain declares thnt nn emergency existg by reason whereof this act shall take ef3x-tand b - mN fom 1 afta its passage and approvaL
Enacted by the C o d of the ~haokeeat ion on the

fl day of FEBRUARY. 2004

Bill John Baka,' S e a v k q C o m d of the Cherokee Nation

Cherokee ~ a t i h n
-YEAS AND NAYS AS RECORDED: AudlaSm?kaCom Bill John Baka Joe C.rittendm Jackie Bob Martin Phyllis Yargbe David W.Thornton, S . r DonGervin Linda HugheaO'Leary

YEA
YEA

XEdL YEA YEA
.

Melvina Shotpouch Mexedith A Frailey John P Keena .
chm CO.WPO

x&L
UEA
YEA_

B d Anglea u
William G.Johnson C l d e a 'ThWHoskin

YEA

YBA-

YEA Y&A

yEA

YEA

YEA

Cherokee Nation's Reply to Motion to Dismiss Complaint-In-Intervent ion EXHIBIT 2