What Is the Buy-Back Program?
Cobell Settlement Agreement
The Land Buy-Back Program for Tribal Nations was created to implement the land consolidation component of the Cobell Settlement Agreement.
This Agreement provided a $1.9 billion fund to purchase fractionated interests in trust or restricted land from willing sellers, at fair market value, within a 10-year period.
President Barack Obama and late American Indian Activist Elouise Cobell.
Interior holds in trust more than 56 million acres for tribes and individual American Indians.
This land is held in more than 200,000 tracts, of which about 93,500 (on approximately 150 reservations) contain fractional ownership interests subject to purchase by the Buy-Back Program.
Approximately 90% of the fractionated lands available to purchase are in 40 of the 150 locations.
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Read More: Fractionation, the Result of Allotment