Oglala Sioux Tribe launches buyback program
Last updated 1/18/2014 at 5:43pm
PINE RIDGE, SD-The Oglala Sioux Tribe's land buyback program is set up and ready to get the word out to tribal members about their options regarding selling fractionalized interests.
As part of the Cobell Settlement, $1.9 billion was set aside for the Trust Land Consolidation Fund to purchase and consolidate fractionalized trust lands across Indian Country. The land that is purchased will go back in to trust status and will be the property of the tribe.
"The fractionalized interests are those tracts of land with many people having interests in them. An example is a 1 acre tract of land wi...