CHAPTER 15-68INDIAN CULTURAL EDUCATION TRUST15-68-01. Trust establishment. The Indian cultural education trust is established for thepurpose of generating income to benefit Indian culture.15-68-02. Powers and duties of board. The board of university and school lands mayaccept and administer any gift, grant, bequest, or devise of land or money, on behalf of the state,<br>for the purposes of the Indian cultural education trust. The board may refuse to accept any gift,<br>grant, devise, or bequest that is upon terms or circumstances unacceptable to the board. The<br>board shall manage all land and money in the trust in the same manner that it manages its other<br>trust land and money except as is otherwise provided in this chapter, in the donor agreement, or<br>as may otherwise be required to satisfy the purposes of this chapter.The board, in its sole discretion, may divest any land or money acquired under thischapter. The donor agreement which placed the land and money into the trust must provide to<br>whom the land is to be conveyed and money disbursed in the event the board decides to divest<br>the land or money.15-68-03. Donation. A person proposing to donate land or money for the benefit of thetrust must present to the board an application and an executed donor agreement between the<br>donor and tribal government of a federally recognized Indian tribe located in North Dakota, South<br>Dakota, Montana, Minnesota, or Wyoming. In accepting the donor agreement, the board is not<br>subject to the provisions of chapter 54-40.2. The board is not responsible for determining which<br>lands have cultural resource significance or for any site preservation or maintenance measures<br>deemed necessary by the donor or the affected tribe. The donor agreement must also make any<br>provision deemed necessary for access to the land by Indians for educational, cultural, or<br>religious purposes.15-68-04. Trust management. The board must be reimbursed from trust proceeds forall reasonable costs and expenses in managing land and investing trust proceeds.Suchreimbursements are to be placed in the state lands maintenance fund. The net income derived<br>from the land and money donated to the trust must be used for trust purposes, except the donor<br>agreement may dedicate a percentage of the net income to trust principal.The lands placed in the trust may be leased by the board only for grazing or hayingpurposes.The board may maintain separate accounts in the trust if a donor agreement requires.The donor agreement must designate the tribe entitled to receive trust proceeds. The netincome from each account must be remitted annually to the designated tribe. The designated<br>tribe is responsible for disbursements of trust proceeds. A dispute over a tribe's use of the<br>disbursements must be resolved by the government of the designated tribe to which the<br>disbursement has been made.15-68-05. Payments in lieu of taxation. Net income from land and money in the trustmust be used in part to pay to the county where the land is located the same amount that would<br>have been assessed against the land for real property taxes if the land was privately owned.15-68-06.Continuing appropriation.There is appropriated annually the amountsnecessary to pay expenses for lands donated under this chapter and managed by the board of<br>university and school lands, including survey costs, surface lease refunds, weed and insect<br>control, cleanup costs, capital improvement rent credits, in lieu of tax payments, or expenses<br>determined by the board as necessary to manage, preserve, and enhance the value of the trust<br>asset. Each payment must be made from the trust fund account for which the land is held.Page No. 1Document Outlinechapter 15-68 indian cultural education trust
CHAPTER 15-68INDIAN CULTURAL EDUCATION TRUST15-68-01. Trust establishment. The Indian cultural education trust is established for thepurpose of generating income to benefit Indian culture.15-68-02. Powers and duties of board. The board of university and school lands mayaccept and administer any gift, grant, bequest, or devise of land or money, on behalf of the state,<br>for the purposes of the Indian cultural education trust. The board may refuse to accept any gift,<br>grant, devise, or bequest that is upon terms or circumstances unacceptable to the board. The<br>board shall manage all land and money in the trust in the same manner that it manages its other<br>trust land and money except as is otherwise provided in this chapter, in the donor agreement, or<br>as may otherwise be required to satisfy the purposes of this chapter.The board, in its sole discretion, may divest any land or money acquired under thischapter. The donor agreement which placed the land and money into the trust must provide to<br>whom the land is to be conveyed and money disbursed in the event the board decides to divest<br>the land or money.15-68-03. Donation. A person proposing to donate land or money for the benefit of thetrust must present to the board an application and an executed donor agreement between the<br>donor and tribal government of a federally recognized Indian tribe located in North Dakota, South<br>Dakota, Montana, Minnesota, or Wyoming. In accepting the donor agreement, the board is not<br>subject to the provisions of chapter 54-40.2. The board is not responsible for determining which<br>lands have cultural resource significance or for any site preservation or maintenance measures<br>deemed necessary by the donor or the affected tribe. The donor agreement must also make any<br>provision deemed necessary for access to the land by Indians for educational, cultural, or<br>religious purposes.15-68-04. Trust management. The board must be reimbursed from trust proceeds forall reasonable costs and expenses in managing land and investing trust proceeds.Suchreimbursements are to be placed in the state lands maintenance fund. The net income derived<br>from the land and money donated to the trust must be used for trust purposes, except the donor<br>agreement may dedicate a percentage of the net income to trust principal.The lands placed in the trust may be leased by the board only for grazing or hayingpurposes.The board may maintain separate accounts in the trust if a donor agreement requires.The donor agreement must designate the tribe entitled to receive trust proceeds. The netincome from each account must be remitted annually to the designated tribe. The designated<br>tribe is responsible for disbursements of trust proceeds. A dispute over a tribe's use of the<br>disbursements must be resolved by the government of the designated tribe to which the<br>disbursement has been made.15-68-05. Payments in lieu of taxation. Net income from land and money in the trustmust be used in part to pay to the county where the land is located the same amount that would<br>have been assessed against the land for real property taxes if the land was privately owned.15-68-06.Continuing appropriation.There is appropriated annually the amountsnecessary to pay expenses for lands donated under this chapter and managed by the board of<br>university and school lands, including survey costs, surface lease refunds, weed and insect<br>control, cleanup costs, capital improvement rent credits, in lieu of tax payments, or expenses<br>determined by the board as necessary to manage, preserve, and enhance the value of the trust<br>asset. Each payment must be made from the trust fund account for which the land is held.Page No. 1Document Outlinechapter 15-68 indian cultural education trust
CHAPTER 15-68INDIAN CULTURAL EDUCATION TRUST15-68-01. Trust establishment. The Indian cultural education trust is established for thepurpose of generating income to benefit Indian culture.15-68-02. Powers and duties of board. The board of university and school lands mayaccept and administer any gift, grant, bequest, or devise of land or money, on behalf of the state,<br>for the purposes of the Indian cultural education trust. The board may refuse to accept any gift,<br>grant, devise, or bequest that is upon terms or circumstances unacceptable to the board. The<br>board shall manage all land and money in the trust in the same manner that it manages its other<br>trust land and money except as is otherwise provided in this chapter, in the donor agreement, or<br>as may otherwise be required to satisfy the purposes of this chapter.The board, in its sole discretion, may divest any land or money acquired under thischapter. The donor agreement which placed the land and money into the trust must provide to<br>whom the land is to be conveyed and money disbursed in the event the board decides to divest<br>the land or money.15-68-03. Donation. A person proposing to donate land or money for the benefit of thetrust must present to the board an application and an executed donor agreement between the<br>donor and tribal government of a federally recognized Indian tribe located in North Dakota, South<br>Dakota, Montana, Minnesota, or Wyoming. In accepting the donor agreement, the board is not<br>subject to the provisions of chapter 54-40.2. The board is not responsible for determining which<br>lands have cultural resource significance or for any site preservation or maintenance measures<br>deemed necessary by the donor or the affected tribe. The donor agreement must also make any<br>provision deemed necessary for access to the land by Indians for educational, cultural, or<br>religious purposes.15-68-04. Trust management. The board must be reimbursed from trust proceeds forall reasonable costs and expenses in managing land and investing trust proceeds.Suchreimbursements are to be placed in the state lands maintenance fund. The net income derived<br>from the land and money donated to the trust must be used for trust purposes, except the donor<br>agreement may dedicate a percentage of the net income to trust principal.The lands placed in the trust may be leased by the board only for grazing or hayingpurposes.The board may maintain separate accounts in the trust if a donor agreement requires.The donor agreement must designate the tribe entitled to receive trust proceeds. The netincome from each account must be remitted annually to the designated tribe. The designated<br>tribe is responsible for disbursements of trust proceeds. A dispute over a tribe's use of the<br>disbursements must be resolved by the government of the designated tribe to which the<br>disbursement has been made.15-68-05. Payments in lieu of taxation. Net income from land and money in the trustmust be used in part to pay to the county where the land is located the same amount that would<br>have been assessed against the land for real property taxes if the land was privately owned.15-68-06.Continuing appropriation.There is appropriated annually the amountsnecessary to pay expenses for lands donated under this chapter and managed by the board of<br>university and school lands, including survey costs, surface lease refunds, weed and insect<br>control, cleanup costs, capital improvement rent credits, in lieu of tax payments, or expenses<br>determined by the board as necessary to manage, preserve, and enhance the value of the trust<br>asset. Each payment must be made from the trust fund account for which the land is held.Page No. 1Document Outlinechapter 15-68 indian cultural education trust
