Coeur d'Alene Tribe Land Buy-Back Program.
The Secretary of the Interior established the Land Buy-Back Program for Tribal Nations (Buy-Back Program) to implement the land consolidation provisions of the Cobell Settlement Agreement. The Settlement provided for a $1.9 billion Trust Land Consolidation Fund (Fund) to consolidate fractional land interests across Indian Country.
The Buy-Back Program allows interested individual owners to receive payments for voluntarily selling their land. All lands sold will immediately be held in trust for the tribe with jurisdiction. This effort will strengthen tribal sovereignty and put decision-making in the hands of the tribal government, freeing up resources that have been locked-up as land interests have fractionated over time.
In addition to consolidating ownership of these acres for the beneficial use of tribal nations, up to $60 million from sales will be designated for the Cobell Education Scholarship Fund, allowing future generations to benefit from the Program.