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

IntroducedN/A

Native AmericansIndian lands and resources rightsGovernment trust fundsNew Mexico

Why This Matters

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.

If you are part of a Native American tribe involved in water projects, this bill could increase funding for your water infrastructure.

Affects: Native American tribes, including the Navajo Nation and Taos Pueblo.

Summary

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.

What changes is this bill making?

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.

Who is affected?

Native American tribes, including the Navajo Nation and Taos Pueblo.