§ 5612. Establishment of demonstration project; selection of participating Indian tribes

• (a) The Secretary shall establish and carry out an Indian trust asset management demonstration project, in accordance with this subchapter.
• (b)
  • (1) An Indian tribe shall be eligible to participate in the project if—
    • (A) the Indian tribe submits to the Secretary an application under subsection (c); and
    • (B) the Secretary approves the application of the Indian tribe.
  • (2)
    • (A) The Secretary shall provide a written notice to each Indian tribe approved to participate in the project.
    • (B) A notice under subparagraph (A) shall include—
      • (i) a statement that the application of the Indian tribe has been approved by the Secretary; and
      • (ii) a requirement that the Indian tribe shall submit to the Secretary a proposed Indian trust asset management plan in accordance with section 5613 of this title .
• (c)
  • (1) To be eligible to participate in the project, an Indian tribe shall submit to the Secretary a written application in accordance with paragraph (2).
  • (2) The Secretary shall consider an application under this subsection only if the application—
    • (A) includes a copy of a resolution or other appropriate action by the governing body of the Indian tribe, as determined by the Secretary, in support of or authorizing the application;
    • (B) is received by the Secretary after June 22, 2016 ; and
    • (C) states that the Indian tribe is requesting to participate in the project.
• (d) The project—
  • (1) shall remain in effect for a period of 10 years after June 22, 2016 ; but
  • (2) may be extended at the discretion of the Secretary.