US says money for Indian land buys will come up short
BILLINGS, Mont. — An ambitious effort to restore tribal control over huge areas of privately owned land on American Indian reservations is projected to run out of money with millions of acres still unaddressed, according to a U.S. government report obtained by The Associated Press.
The Obama administration established the “land buyback program” under a $1.9 billion legal settlement that determined the government squandered billions of dollars it held in trust for tribes from royalties on oil and gas leases, grazing and other uses of Indian lands.
As part of that deal, federal officials agreed to spend $1.6 billion to purchase so-called fractionated parcels of land that have multiple owners, which makes them hard to sell or develop.
Yet more than 4 million acres potentially eligible for purchase will remain when the settlement money runs out in 2022, according to an Interior Department report.

