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1 S. 46, Klamath Tribe Judgement Fund Repeal Act 1 (February 8, 2019)

handle is hein.congrec/cboktjf0001 and id is 1 raw text is: Congressional Budget Office Cost Estimate February 8, 2019 S. 46 would repeal the Klamath Tribe Judgment Fund Act, which authorizes the Department of the Interior (DOI) to establish and maintain a fund to make payments to Klamath Tribe members to satisfy any judgments obtained by the tribe. The bill also would require any amounts remaining in the fund upon its closure to be disbursed to the Klamath Tribe. Payments to certain tribal trust funds that are held and managed in a fiduciary capacity by the federal government on behalf of Indian tribes are treated as payments to a nonfederal entity. Thus, the balances remaining in the Klamath Tribe Judgment Fund were previously recorded as federal budget authority and outlays at the time those funds were deposited into the fund. Accordingly, any subsequent disbursement of those funds would have no effect on the federal budget. According to information provided by DOI, about $600,000 remains in the fund. That money is slated to be paid to almost 200 members of the Klamath Tribe or to their next of kin, none of whom DOI has been able to locate. Assuming that S. 46 will be enacted early in calendar year 2019, CBO estimates that the $600,000 in the fund would be disbursed directly to the government of the Klamath Tribe during fiscal year 2019. The CBO staff contact for this estimate is Jon Sperl. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, wiw.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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