The purpose of this plan is to provide the procedures for Tribal membership to access funds as they become available as a result of the JTAC Lake Oahe reparations settlement to the Standing Rock Sioux Tribe as awarded by the Congress in 1992. This original endowment of $ 90.6m has been mandated by Congress for the Economic Recovery of the tribe as a result of destroying the tribe's most valuable natural resource. The Standing Rock Sioux Tribal Council defined the acceptable uses of the award to be in accordance with tribal resolution 178-98, with the Oahe Economic Recovery Fund being included with the passage of the JTAC Ordinance, August 20, 2001, and consequential operational funding mandate is authorized for the Oversight Office.
The authority for this plan is vested in official documents and SRST Council actions as listed below:
· Senator Conrad letter dated, 12/3/96, which requires a "Plan" to be developed for the JTAC award.
· 25 CFR. Part 120, Subpart B, requires a "Plan" be submitted before a withdrawing of Endowment Income Funds.
· SRST Constitution, Article IV, Sec. 4, Code of Justice Title XIX, Sec. 19-107, that requires budgetary planning as a prerequisite for use of all tribal revenue.
• Tribal Council motion No. 48, April 5, 2000, that authorizes the establishment of the new manner to elicit community input and ownership, called the JTAC Advisory Committee, Tribal Motion No. 44, August 1, 2000, to approve of the JTAC Advisory Committee to begin meeting on the JTAC Ordinance for recommendations for ninety days with a budget of $ 4,000.00.
SRST Council Ordinance, Title XXXIII click here