A view of the Cheyenne River Sioux Reservation in South Dakota. Photo from Facebook
Members of the Cheyenne River Sioux Tribe could see $69 million in offers under the Land Buy-Back Program for Tribal Nations, South Dakota Public Radio reports. The tribe signed a cooperative agreement with the Interior Department in January to help facilitate outreach for the program. Offers are expected to go out to 8,000 landowners. 'The Cheyenne River Sioux Reservation is one of the most highly fractionated reservations in the country. The Land Buy-Back program will assist us in our continued effort to consolidate our land base," Chairman Harold Frazier said back in January. The $3.4 billion Cobell settlement provided $1.9 billion for Indian landowners who want to sell their fractionated interests. DOI will pay "fair market value" as required by the Indian Land Consolidation Act. Participation is entirely voluntary. Any land that is acquired will be returned to tribes. As of April 3, DOI has extended $924 million in offers to nearly 49,000 owners. Some $365 million in transactions have been concluded so far, according to a chart posted on the program's website. The equivalent of more than 577,000 acres have been returned to tribal governments as a result of the program. Get the Story:
Community Fund Prepares For Cash Inflow (South Dakota Public Radio 4/28)
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