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![handle is hein.gao/gaobaadrc0001 and id is 1 raw text is:
B-108439 -amber 28o 1973
The Honorable
The Secretary of the Interior
Dear Hr, -ecretaryi
By letter dated N;ovenber 13v 1973s Assistant Secretary of the
Interior Laurance E. Lynn, Jr,, asked th 't our decision of October 31,
1972, 52 Co~p Can* 248, pertaining to thea asification of the Alaska
placed in the Fund after completion of the statutory enrollment period.
The Fund was established pursuant to tho PJ.A~ka Native ClaivioSettlement
Act (hereafter called the Act**)t Pub. L. 92-.203, approved Pecember 18,
1971, 85 W Tat..688,. I
11r, Lynn also asked whether the appropriate date for the initial
distribution of monies in the Fund to the Regional Corporationu3which
! are the statutory diotributcoa is Decanber 17, 1973 - the data on which
it Jn anticipated that the enrollment of Alaskan natives, required by
section 5 cf the Act, will be coeplbtod - or Weather 31, 1973, the last
day o the fiocal quarter durinwhich tha roll yes completed.
In our previous decision, we ed-basedan th legislative history
ottheoAct-that tBe Yund properly ay ba considered to be an Indian
tribal trust fundo within the aning of thelat found at 25 UiSiCoe M Aa
and 162a, pendins enrollment under Publid Law 92-203t Thu above-
menctved]eraios provide that Indian t)balan ndribal trust fundt
balancesexcedin 500, are entitled to receive oisple intreot at the
rate of 4t per annum, and further, that the Secretary of the Interior
(the Fecretary) say, in his discration, ithdrawsuchkauns from the Uited
State (Treasury and deposit them instead for invetant purposes n
1elcSted bank or invest ouch funds in obligations of6th8 United Staten.
fr, Lyrn ltter aske wu, in effect, to remova our quaifying phrae
11pending enrollme3nt tnder Public Law 92-203,1 because it suggests that
the special status of the Fund no an Indian triba. trust fund would be
trmintdonco the roll a copletd, and theprovioor of sections 161a
and 162a .for interest paymnta and inveatment eligibility woul,4 no longer
ba applicable#
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