SB1651 Summary

• Terminates the Native American Cultural and Educational Authority on July 1, 2019, or when the American Indian Cultural Center and Museum opens to the public, whichever occurs sooner, transferring all powers and duties to the newly created Native American Cultural Center Trust Authority.

• Creates the Native American Cultural Center Trust Authority as a public trust with eleven trustees: seven from federally recognized American Indian tribes (appointed by Governor, Senate President Pro Tempore, and House Speaker) and four from the business community.

• Establishes the Native American Cultural Center Trust Fund to receive a $40,000,000 transfer from the Unclaimed Property Fund, with expenditures authorized upon certification of matching private donations ($20,000,000 initially, then $40,000,000 total).

• Creates the American Indian Cultural Center and Museum Completion Fund to receive private donations (non-state, non-federal) for completing construction, with excess revenues after completion applied to repaying outstanding bonded indebtedness.

• Provides that all prior actions and obligations of the terminated Authority remain valid and effective, and exempts NACCTA trustees and members from certain statutory provisions regarding holding multiple offices.