A bill to provide for the use and distribution of certain funds awarded the Wyandotte Tribe.

(Reported to Senate from the Select Committee on Indian Affairs with amendment, S. Rept. 98-609)

Directs the Wyandotte Tribe of Oklahoma and the Secretary of the Interior to update tribal membership rolls according to prescribed guidelines for the purpose of distributing specified judgment funds to such Tribe.

Requires the Secretary to complete such roll 180 days after enactment of this Act.

Requires the Secretary to publish notice in the appropriate media regarding: (1) the per capita distribution of the judgment funds; (2) the application procedures for the distribution; and (3) the preparation of the roll of Absentee Wyandottes. Prohibits any furnishing of applications after the deadline date.

Requires the Secretary to allocate the judgment funds between the Wyandotte Tribe of Oklahoma and the Absentee Wyandottes according to prescribed guidelines.

Requires that the Wyandotte Tribe allocation be divided: (1) 80 percent for per capita distribution; and (2) 20 percent for specified uses to be held in trust by the Secretary and the Tribal Business Committee for the benefit of the Tribe. Conditions such Committee's trust responsibility upon submisssion of: (1) a Tribal Financial Ordinance and Investment Plan which meets the Secretary's approval; and (2) a waiver of federal liability for any investment losses incurred by such Committee.

Prohibits the Committee from distributing to tribal members: (1) any trust fund principal; or (2) any trust fund income for per capita payments.

Exempts the judgment funds distribution from: (1) Federal, State or local income taxes; or (2) any consideration as a resource for purposes of public assistance eligibility criteria.

Repeals specified law regarding the use and distribution of specified judgment funds.