Full accounting said not 'cost effective'
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MONDAY, JULY 15, 2002

A House committee won't fund a full historical accounting of the Individual Indian Money (IIM) trust back to 1887 because it won't be "cost effective," The Wall Street Journal reports today.

A Congressional aide told the paper an accounting for the period 1985 to 2000 would cost about $1 billion. The Department of the Interior's own estimate of this portion was $907 million.

But to account for the funds dating to 1887, the inception of the trust, the department estimated a total cost of $2.4 billion over 10 years.

Get the Story:
House Panel Moves to Limit Probe Into Indian Trust Fund (The Wall Street Journal 7/15)

Today on Indianz.Com:
House trust fund bill opposed (7/15)

Relevant Links:
Indian Trust, Department of Interior -
Indian Trust: Cobell v. Norton -
Trust Reform, NCAI -

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