An act to authorize the secretary of the Interior to reimburse certain purchases of subleases from, and creditors of, the Sangre de Cristo Development Company, Incorporated, and for other purposes.

(Measure passed House, amended)

Authorizes the Secretary of the Interior to compensate certain purchasers of subleases from the Sangre de Cristo Development Company, Incorporated, for lands on the Tesuque Pueblo Reservation, New Mexico.

Directs the Secretary to reimburse bona fide creditors of such corporation who have been certified as such by the United States District Court for the District of New Mexico, Bankruptcy Division, in the corporation's bankruptcy action. Declares that the United States has the right to intervene in such action as its interests may warrant.

Makes those creditors who have accepted subleases in compensation for services to the corporation eligible for reimbursement as provided by this Act.

Confers jurisdiction on the United States District Court for the District of New Mexico over any claims for damages by the corporation against the United States arising out of certain lease transactions.

Subjects all reimbursements herein to the availability of funds.

Authorizes the appropriation, effective October 1, 1981, of necessary sums to carry out the provisions of this Act.