Colville Tribes reach $193M trust management settlement
Posted: Monday, February 27, 2012
The Confederated Tribes of the Colville Reservation
in Washington announced a $193 million trust management settlement.
The tribe filed suit in federal court in 2005, seeking an accounting of its trust funds. After negotiations with the Obama administration, the tribal council approved a settlement, one of the largest in history.
"After careful review and deliberation, the Council has agreed to accept and approve the proposed settlement," Chairman Michael O. Finley in a press release. "The next step in the process is formal Department of Justice approval. We have every reason to expect this will happen within the next two weeks."
The tribe expects to distribute a portion of the settlement to its members and to use the funds to restore forests, rangeland, and other natural resources.
Get the Story:
Colville Tribes’ land suit settled
(The Spokesman Review 2/25)
Colvilles win $193 million for mismanaged lands
(The Wenatchee World 2/25)
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