Navajo tribe could gain more financial control

Navajo tribe could gain more financial control

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SALT LAKE CITY (AP) -- Utah's Navajo tribe would gain more control over its finances under a bill that's been introduced by U.S. Sen. Bob Bennett.

Under the Utah Republican's bill, the state-managed Utah Navajo Trust Fund would be turned over to the Utah Dineh Corporation, a corporate entity formed by the Utah Navajo people through their elected representatives.

Since 1933, Utah has managed about 37 percent of the royalties from oil and gas production within the area known as the Aneth Extension. This area north of the San Juan River was added to the Navajo Reservation to compensate for land that had been taken to establish Lake Powell.

The Aneth Extension was the first area on the reservation to produce oil and gas.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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