Bill would allow interest payments to Duck Valley water fund if funded

The bill would authorize adjusted-interest payments to the settlement’s Development Fund. The payments would apply to balances held in the Development Fund for the Shoshone-Paiute Tribes’ water settlement. The amount could not exceed interest and compound interest calculated using a daily rate based on four-week U.S. Treasury bill yields and the stated investment rules. Payment could come from other money available to the Secretary for authorized Indian water rights settlements only if Congress provides it in advance. The printed text’s description of the period used to calculate interest is unclear; it refers to a period beginning on the date of enactment and January 25, 2016. The authorization would cover fiscal years 2027 through 2033.