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TUESDAY, JANUARY 7, 2003

The Bush administration will not perform an accounting of land, mineral and other trust assets owned by more than 500,000 Indian beneficiaries.

Instead, the Department of Interior will perform a statistical sampling of the cash values of the Individual Indian Money (IIM) trust. Account holders overwhelmingly have asked for a transaction-by-transaction accounting.

According to documents filed in federal court yesterday, the effort will cost $335 million and will be completed by 2008. Previously, the department estimated it would cost at least $2.4 billion and take 10 years to conduct an accounting.

Get the Story:
Interior Dept. Finishes Indian Fund Plan (AP 1/6)

Relevant Links:
Indian Trust: Cobell v. Norton - http://www.indiantrust.com
Cobell v. Norton, Department of Justice - http://www.usdoj.gov/civil/cases/cobell/index.htm
Indian Trust, Department of Interior - http://www.doi.gov/indiantrust
Trust Reform, NCAI - http://www.ncai.org/main/pages/
issues/other_issues/trust_reform.asp

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