Land Buy-Back Program for Tribal Nations
The Land Buy-Back Program for Tribal Nations implements the land consolidation component of the Cobell v. Salazar Settlement, which provided $1.9 billion to purchase fractional interests in trust or restricted land from willing sellers at fair market value. Consolidated interests are immediately restored to tribal trust ownership for uses benefiting the reservation community and tribal members. [1]
| Type | Government program |
|---|---|
| Cause | Cobell v. Salazar |
| Organized by | United States Department of the Interior |
There are approximately 243,000 owners of nearly three million fractional interests across Indian Country who are eligible to participate in the Buy-Back Program. The Program has identified 105 locations where implementation will occur through mid-2021. In a Federal Register notice published in April 2017, the Program announced that new Departmental leadership is taking a fresh look at progress to date and strategies that would further maximize the consolidation of fractional interests, such as: further sharing of appraisals, focusing on land value, interest size (e.g., less than 25% ownership in a tract), and tract control; facilitating co-owner purchases; or revising the schedule of 105 locations (e.g., adding or removing locations and/or returning to locations that already received offers).
See also
References
As of this edit, this article uses content from "Buy Back Program", which is licensed in a way that permits reuse under the Creative Commons Attribution-ShareAlike 3.0 Unported License, but not under the GFDL. All relevant terms must be followed.