Indian Monies, Proceeds of Labor (IMPL)

SUMMARY: The Bureau of Indian Affairs (BIA) is deleting the regulations

contained in the Code of Federal Regulations pursuant to the public law

which suspended all deposits to Indian Monies, Proceeds of Labor (IMPL)

accounts after September 30, 1982. The law eliminated the use of IMPL

accounts, and since these accounts are no longer in use, they will be

removed from the BIA accounting system.

EFFECTIVE DATE: November 30, 1994.

FOR FURTHER INFORMATION CONTACT: Mr. Jim Parris, Bureau of Indian

Affairs, Office of Trust Funds Management, 505 Marquette N.W., Suite

700, Albuquerque, NM 87102, Telephone Number 505-766-3230.

SUPPLEMENTARY INFORMATION: This rulemaking action deletes Part 113 of

Subchapter G of Chapter I of Title 25 of the Code of Federal

Regulations, which contains regulations governing Indian Monies,

Proceeds of Labor (IMPL) established under the Act of March 3, 1883, as

amended (25 U.S.C. 155).

Pursuant to the amendments contained in Public Law 97-257, Title I,

Section 100, 25 U.S.C. 155 B, which provided that, ``No funds shall be

deposited in such `Indian monies, proceeds of labor' (IMPL) accounts

after September 30, 1982,'' all deposits to IMPL accounts were

discontinued. The unobligated IMPL balances at the close of business on

September 30, 1982, including the income resulting from investment of

funds from such accounts prior to such date, were transferred to and

held in escrow accounts. After consultation with appropriate tribes and

individual Indians up to September 30, 1985, to determine the extent to

which the funds held in escrow accounts represented income from the

investment of ``special deposits'' relating to individual Indians or a

specific tribe, funds were transferred to appropriate trust accounts

for individual Indians and tribes during the period of October 1, 1985,

through September 30, 1987. The unobligated balances of the IMPL escrow

accounts as of the close of business on September 30, 1987, are to be

withdrawn and deposited into miscellaneous receipts of the U.S.

Treasury. The IMPL accounts are to be removed from the Bureau of Indian

Affairs trust accounting system and are no longer available for use.

A proposed regulation for 25 CFR 113 was published for public

comment in the Federal Register on April 7, 1994 (59 FR 16760). After a

thirty (30) day comment period, no comments were received.

The Department has certified to the Office of Management and Budget

that these regulations meet the applicable standards provided in

Sections 2(a) and 2(b)(2) of Executive Order 12778.

The Department of the Interior has determined that this document is

not a significant rule under Executive Order 12866 and therefore will

not require the approval of the Office of Management and Budget.

This rule will not have a significant economic impact on a

substantial number of small entities under the Regulatory Flexibility

Act (5 U.S.C. 601 et seq.).

In accordance with Executive Order 12630, the Department has

determined that this rule does not have significant takings

implications.

The Department has determined that this rule does not have

significant federalism effects.

The Department has determined that this rule does not constitute a

major federal action significantly affecting the quality of the human

environment and that no detailed statement is required pursuant to the

National Environmental Policy Act of 1969.

There are no information collection requirements requiring approval

of the Office of Management and Budget under 44 U.S.C. 3501 et seq.

The primary author of this proposed rule is Loren J. Farmer,

Policy, Analysis and Evaluation Staff, Bureau of Indian Affairs, Office

of Trust Funds Management, 505 Marquette N.W., Suite 700, Albuquerque,

NM 87102.

List of Subjects in 25 CFR Part 113

Accounting, Indians--business and finance.

For reasons set out in the preamble and under the authority of

Public Law 97-257, Title I, Section 100 (September 30, 1982, 96 Stat.

839), Part 113 of Title 25, Chapter I of the Code of Federal

Regulations is removed.

Dated: October 12, 1994.

Ada E. Deer,

Assistant Secretary--Indian Affairs.

[FR Doc. 94-26837 Filed 10-28-94; 8:45 am]

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