An act to provide for the use and distribution of funds awarded the Assiniboine Tribe of the Fort Belknap Indian Community, Montana, and the Assiniboine Tribe of the Fort Peck Indian Reservation, Montana, in docket numbered 10-81L by the United States Court of Claims, and for other purposes.

(Measure passed Senate, amended)

Divides certain judgment funds according to specified percentages among: (1) the Assiniboine Tribe of the Fort Belknap Indian Community, Montana; and (2) the Assiniboine Tribe of the Fort Peck Indian Reservation, Montana.

Establishes a fund distribution formula based upon the membership roll of such Tribes. Directs the Secretary of the Interior to make per capita distributions to the respective Tribes according to specified eligibility standards. States that the Secretary's determination concerning eligibility for per capita distributions is final.

Directs the Secretary to hold in trust and to invest specified percentages of the remainder for the benefit of such Tribes.

Requires that the principal and income of funds apportioned to the Assiniboine Tribe of the Fort Peck Indian Reservation be applied and used for the benefit of such Tribe according to terms established by the Fort Peck Assiniboine Council, with the concurrence of the Tribal Executive Board of the Assiniboine and Sioux Tribes of the Reservation, and approved by the Secretary. Provides for the Secretary's interim administration of that portion of the funds for which no agreement has been reached.

Exempts the judgment funds from: (1) State or Federal income taxes; and (2) any determination of eligibility for assistance under the auspices of a Federal program.