Hoopa appendix supporting summary judgment - Schlosser Law Files
Hoopa appendix supporting summary judgment - Schlosser Law Files
Hoopa appendix supporting summary judgment - Schlosser Law Files
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FINANCIAL INFORMATONA.L SHEET -<br />
“HYSA” FUND<br />
The <strong>Hoopa</strong>fYurok Settlement Fund was established in 1988, pursuant to Public<br />
<strong>Law</strong> 100-580, the <strong>Hoopa</strong>-Yurok Settlement Act.<br />
The Act was intended to partition certain reservation lands between the <strong>Hoopa</strong><br />
Valley Tribe and the Yurok Tribe, and to clarify the use of timber proceeds from<br />
the <strong>Hoopa</strong> Valley Reservation established originally in 1864.<br />
Recognizing the Federal role in the creating ofthe problems then associated with<br />
the <strong>Hoopa</strong> Valley Reservation, the Act authorized the appropriation of<br />
$10,000,000 in federal funds, to be added to the corpus of the HYSA Fund.<br />
The remainder of the settlement fund was made up of funds held as “Escrow<br />
funds” by the federal government, which were derived from the use/resources of<br />
the”joint reservatio~’.These_funds~vere held by the Secretary in accounts<br />
benefiting both the <strong>Hoopa</strong> and Yurok tribes, individually.<br />
The Act was intended to settle any dispute over any/all such “Escrow funds”.<br />
The original principal balance ofthe fundwas $66,978,335.93 -
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