Louise Cobell Indian Trust Settlement

44 Tribes in United States Government $ 3.4B Louise Cobell Settlement

Below is a list of the 44 tribes that filed suit against the U.S Government for the mismanagement of trust funds on Indian land. This money mostly comes from Indian land that was being leased to outsiders the tribes never saw.

I personally believe that all the 550 federally recognized tribes are entitled to a piece of this money but because the statue of limitations only allowed so much time for the tribes to prove their money was mismanaged, only 44 tribes joined suit.

Heres a quick break down of how the 3.4 Billion settlement will be dispersed.

$1.412 billion Accounting/Trust Administration Fund, plus a $100 million Trust Administration Adjustment Fund, plus any earned interest, to pay for Historical Accounting and Trust Administration Claims. This money will also pay for the cost of administering and implementing the Settlement, as well as other expenses

$1.9 billion Trust Land Consolidation Fund to purchase “fractionated” individual Indian trust lands. The program will allow individual Indians to get money for land interests divided among numerous owners. Land sales are voluntary. If you sell your land it will be returned to tribal control.

Up to $60 million for an Indian Education Scholarship Fund to help Native Americans attend college or vocational school. This money will come out of the $1.9 billion Trust Land Consolidation Fund.

- 99,000,000.00 to be paid in Attorney Fees
- 2,000,000.00 for Louise Cobell for being the lead plaintiff in the law suit.
- James Larose 200,000.00
- Thomas Maulson 150,000.00
- Penny Cleghorn 150,000.00

For more infomation on Louise Cobell Indian Trust Settlement, please visit

www.indiantrust.com

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HELENA, Mont., June 22, 2012.

Forty-four American Indian tribes are part of the $1 billion settlement with the U.S. government over claims of mismanaged trust funds. Here is a list of the 44 tribes involved and their shares of the settlement:

1. Colville, Washington. -- $193 million
2. Salish and Kootenai, Montana.-- $150 million
3. Northern Ute, Utah. -- $125 million
4. Assiniboine and Sioux, Montana. -- $75 million
5. Shoshone-Bannock, Idaho. -- $60 million
6. Northern Cheyenne, Montana. - $50 million
7. Standing Rock Sioux, North Dakota. -- $48.9 million
8. Ute Mountain Ute, Colorado. -- $42 million
9. Nez Perce, Idaho -- $33 million
10. Mescalero, New Mexico. -- $32 million
11. Makah, Washington. -- $25 million
12. Tohono O’Odham, Arizona. -- $23 million
13. Blackfeet, Montana. -- $19 million
14. Coeur d’Alene, Idaho -- $18 million
15. Spokane, Washington. -- $15 million
16. Zia, New Mexico. -- $12.123 million
17. Passamaquoddy, Maine -- $12 million
18. Siletz, Oregon. -- $9.14 million
19. Round Valley, California. -- $8 million
20. Chippewa Cree, Montana. -- $8 million
21. Lac Courte Oreilles, Wisconsin. -- $8 million
22. Tule River, California. -- $7 million
23. Spirit Lake, North Dakota. -- $6 million
24. Hualapai, Ariz. - $6 million
25. Lac du Flambeau, Wisconsin. -- $5 million
26. Tulalip, Washington. -- $4 million
27. Pawnee, Oklahoma. - $4 million
28. Salt River Pima-Maricopa, Arizona. -- $4 million
29. Bad River, Wisconsin. -- $3 million
30. Leech Lake, Minnesota. -- $3 million
31. Quechan Ariz., California. -- $3 million
32. Soboba, California. -- $3 million
33. Minnesota Chippewa, Minnesota -- $1.99 million
34. Bois Forte, Minnesota. -- $1 million
35. Swinomish, Washington. -- $1 million
36. Rincon, California. -- $1 million
37. Kaibab, Arizona. -- $1 million
38. Kickapoo, Oklahoma. -- $700,000
39. Santee Sioux, Nebraska. -- $675,000
40. Cachil Dehe, California. -- $650,000
41. Saul Ste. Marie, Michigan. -- $215,000
42. Summit Lake Paiute, Nevada. -- $75,000
43. Te-Moak, Nevada. -- $50,000
44. Nooksack, Washington. -- $25,000

Work Cited: Sac & Fox Tribal Paper July 2012