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House urges Congress to appoint new Navajo trust trustee and advances interim fiduciary bill
Summary
House passed Concurrent Resolution 4 urging Congress to appoint a new trustee for royalties from the Utah side of the Navajo Reservation and advanced HB352 (fiscal and governance clarifications for interim management), adopting an amendment extending scholarships through June 30, 2010; both measures passed the House and move to the Senate.
The Utah House on the floor took two linked actions related to royalties and fiduciary management for the Utah portion of the Navajo Reservation.
First, Representative David Clark introduced Concurrent Resolution 4, which asks Congress to remove the State of Utah as trustee and to appoint a new trustee or trustee group to administer the 37.5% share of oil and gas royalties that flow from lands on the Utah side of the Navajo Reservation. Clark said Utah was unique among states in being appointed by Congress to…
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