To establish the treatment of actual rental proceeds from leases of land acquired under an Act providing for loans to Indian tribes and tribal corporations.
About This Bill
Introduced
Latest Action · February 9, 2007
Sponsor introductory remarks on measure. (CR 2/12/2007 E300-301)
Provides that any actual rental proceeds from the lease of land acquired with a Farmers Home Administration Direct Loan by an Indian tribe or tribal corporation certified by the Secretary of the Interior shall be deemed to: (1) constitute the rental value of that land; and (2) satisfy the requirement for appraisal of that land.
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