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legislation: 105-hr-1386

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
105-hr-1386 105 hr 1386 To require uniform appraisals of certain leaseholds of restricted Indian lands, and for other purposes. Native Americans 1997-04-17 1997-04-22 Executive Comment Requested from Interior. House Rep. Metcalf, Jack [R-WA-2] WA R M000669 0 Amends Federal law to direct the Bureau of Indian Affairs, not more than six months before rent for a residential leasehold of restricted Indian lands is established or raised, to contract with an independent appraiser (who holds a current general membership designation from the Appraisal Institute) to prepare a report on: (1) the estimated annual market rent of the leasehold; (2) the value of the leased fee and the leasehold interest; and (3) the equity position of the lease parties. Authorizes the lessee, the lessor, or the Secretary of the Interior to elect to submit a dispute regarding a residential lease of restricted Indian lands to binding arbitration. Directs that the administrative costs of an arbitration shall be shared equally by the lessee and the lessor. Directs the Secretary, prior to approving a residential lease or the assignment of a residential lease of restricted Indian lands, to ensure that all applicable State laws relating to disclosure on real estate transactions have been complied with, including disclosure of the nature and amount of any present or proposed assessments or taxes. 2024-02-07T13:32:55Z  

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