Of the $3.4 billion settlement, more than $1.4 billion will be used to make payments to Indians who have or had trust accounts within certain date ranges. For many, the payment will be a flat $1,000, while others will get additional amounts based on how much revenue was received in their accounts.
About $1.9 billion of the settlement will be used by the department to buy parcels of land that have been divided up many times over the last century as they've been passed down to heirs. Administering trust accounts related to some parcels costs more than the accounts receive in revenue.
Some of the settlement will be used for a scholarship fund for Indians and for legal fees.
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How to get
Those Indians who currently receive individual Indian money account statements don't have to do anything to receive a payment from the settlement. Those who don't receive statements and who don't get a notification, but believe they're entitled to
a payment, should call
(800) 961-6109 or fill out a claim form available at www.indian