Establishes subaccounts in the Indian Water Rights Settlement Completion Fund to manage funds for Indian water rights settlements.
The bill amends the Infrastructure Investment and Jobs Act to create two subaccounts within the Indian Water Rights Settlement Completion Fund. The New and Continuing Settlements Subaccount will manage funds for ongoing Indian water rights settlements, while the Operations, Maintenance, Repair, and Ongoing Obligations Subaccount will handle funds for specific water projects and acquisitions. The Secretary of the Interior will oversee the use of these funds to fulfill obligations under approved Indian water rights settlements.
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