AI-assisted analysis based on the official CRS summary. Source version: Apr 7, 2026. Analysis updated: Sep 17, 2026.
01 — The Text
What.
- The bill authorizes deposits of unpaid interest into three funds: the Navajo Nation Water Resources Development Trust Fund, the Taos Pueblo Water Development Fund, and the Aamodt Settlement Pueblos' Fund.
- These three funds were established in 2009 and 2010 under water rights settlement agreements.
- The original settlement agreements did not permit accrual of interest on the funds.
- The bill makes technical corrections to three prior settlement acts: the Northwestern New Mexico Rural Water Projects Act, the Taos Pueblo Indian Water Rights Settlement Act, and the Aamodt Litigation Settlement Act.
02 — The Stakes
So what?
- The bill would allow previously restricted interest to be deposited into these settlement funds, increasing their balances.
- The specific amount of unpaid interest to be deposited is not stated in the official summary.
- The impact on the intended beneficiaries and projects funded by these accounts is not detailed in the summary.
03 — The Path
Now what?
- A committee mark-up session was held on September 15, 2026, and the bill was ordered to be reported in the nature of a substitute by unanimous consent.
- The bill was referred to the House Committee on Natural Resources on July 22, 2025, and introduced in the House the same date.
- No scheduled floor vote or further action date is documented.
Legislative History
Actions.
- Sep 15, 2026 — Ordered to be Reported in the Nature of a Substitute by Unanimous Consent.
- Sep 15, 2026 — Committee Consideration and Mark-up Session Held
- Jul 22, 2025 — Referred to the House Committee on Natural Resources.
- Jul 22, 2025 — Introduced in House