Water Fund Adjustment Bill
Official: Technical Corrections to the Northwestern New Mexico Rural Water Projects Act, Taos Pueblo Indian Water Rights Settlement Act, and Aamodt Litigation Settlement Act
This bill makes technical corrections to water-related funds for Native American tribes, ensuring they receive the right amounts of money for water projects. It helps support water infrastructure and management for these communities.
Technical Corrections to the Northwestern New Mexico Rural Water Projects Act, Taos Pueblo Indian Water Rights Settlement Act, and Aamodt Litigation Settlement Act This bill authorizes deposits representing unpaid interest into the Navajo Nation Water Resources Development Trust Fund, the Taos Pueblo Water Development Fund, and the Aamodt Settlement Pueblos’ Fund. These funds were established in 2009 and 2010 under certain water rights settlement agreements that did not allow accrual of interest.
1. This bill adjusts payments to the Navajo Nation Water Resources Development Trust Fund. 2. It also increases funding for the Taos Pueblo Water Development Fund. 3. The bill provides additional money for the Aamodt Settlement Pueblos' Fund. 4. It allows for investment earnings on these funds to be used. 5. The bill clarifies previous legal conditions related to these funds.
Native American tribes, including the Navajo Nation and Taos Pueblo.