The Cobell Settlement Agreement was reached in December 2009. The Settlement provided for a $1.9 billion Trust Land Consolidation Fund (Fund), which is available to the Secretary of the Interior within a ten-year period to purchase fractional interests in trust or restricted land.
On December 8, 2010, President Obama signed the Claims Resolution Act of 2010. The Act specifically confirmed the Cobell Settlement Agreement and established the Fund upon final approval of the Settlement in November 2012.
The Settlement Agreement and the Claims Resolution Act of 2010 provide that the Fund will be distributed in accordance with provisions of 25 U.S.C. §§ 2201 et seq.
The Initial Implementation Plan, released in December 2012, outlined the Buy-Back Program’s initial approach to achieving successful land consolidation purchases.
Approximately 150 locations across Indian Country, which are listed in this table, are the focus of the Buy-Back Program. Locations are listed in order of land area code.