Compiled and edited by Charles J. Kappler. Washington : Government Printing Office, 1941.
|Chap. 875||Metlakahtla Indians of Alaska. Deposit of certain revenues as trust funds, authorized.|
|Chap. 875||26 Stat., 1101, vol. 1, 438.
48 Stat., 1224; ante, 388.
31 U.S.C. § 725s.
|Sec. 2||Credit of designated funds to trust-fund account.|
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That revenue derived from leases or other contracts negotiated by the Secretary of the Interior for the benefit of the Metlakahtla Indians and such other persons occupying the Annette Islands Reserve, Alaska, as come within the purview of the Act of March 3, 1891 (26 Stat. 1101), shall be deposited into the Treasury as trust funds pursuant to the provisions of section 20 of the Permanent Appropriation Repeal Act, 1934 (48 Stat. 1224), shall bear interest at the rate of 4 per centum per annum,
and shall be subject to expenditure under such rules and regulations as the said Secretary may prescribe.
There shall be credited to the trust-fund account so established the excess, if any, of (1) the unexpended balance of the repealed special fund appropriation "5S740 Annette Islands Reserve, Alaska, fund from leases" and (2) the amount of receipts derived from the Annette Islands Reserve, Alaska, covered into the Treasury pursuant to section 4 of the Permanent Appropriation Repeal Act, 1934, over expenditures from appropriations provided for "Expenses, Annette Islands Reserve, Alaska (Receipt Limitation)", and the amount so credited shall be subject to expenditure as prescribed in section 1 hereof.
Interest accruing on said trust-fund account shall be available for the same purposes as the principal.
Approved, August 28, 1937.