A. There is hereby established in the Treasury a revolving fund, not subject to fiscal year limitations.

B. The fund established by this Act shall be designated the Osage Nation Property Improvement Fund.

C. The Osage Nation Treasurer shall establish a property income account in the general fund of the Treasury into which all lease revenues and use fees derived from Osage Nation property and commercial property are deposited.

D. The assets of the Osage Nation Property Improvement Fund shall consist of funds appropriated from the property income account and the general fund of the Treasury by an appropriation of Congress.

E. Commercial property expenditures from the fund are authorized for regular maintenance, emergency repairs, supplies, utilities, taxes, insurance, advertising, capital improvements and preconstruction activity.

F. Osage Nation property expenditures from the fund are authorized for emergency repairs, capital improvements and preconstruction activity.

G. Appropriation requests for capital funding shall be accompanied by a detailed budget to include expenditure allocations directed to commercial property and to Osage Nation property in each category of authorized expenditure.

H. The Property Improvement Fund shall be administered by the designee of the Principal Chief of the Osage Nation.

I. The Property Improvement Fund shall exist until the fund is terminated by an Act of the Osage Nation Congress. ONCA 19-50, eff. June 26, 2019.