Land Buyback Program Returns to CTUIR

What you need to know about the land buyback program

Posted by Matt Johnson on 7/14/2021 9:00:00 AM

Did you receive an offer in the mail? 

Watch this video for more information.

 

What you need to know

The Land Buy-Back Program is a voluntary program. For landowners who wish to sell their interests, this step-by-step video is now available to help assist individuals with identifying critical information included in their Offer Package and completing the necessary forms.

Watch here: https://www.doi.gov/buybackprogram/what-is-the-land-buy-back-program or click play on the video below:

Did you know that Buy-Back Offers are being generated now and will be arriving in the near future? Do you know how to complete the offer package? This video explains the purchase offer process. 

Watch here: https://www.doi.gov/buybackprogram/tribes/the-purchase-offer-process

Once you complete your offer package, you will need a notary to witness your signature. Click this link for a list of local notaries (PDF).

Finally, click here for a PDF document that shows you how to read your Offer Packet (should you receive one).

 

Background information

The Cobell v Salazar Settlement Agreement (Cobell Settlement) provided a $1.9 billion Trust Land Consolidation Fund (Fund) to be expended within a 10-year period ending in November 2022.

The Cobell Settlement makes the Fund available to the U.S. Department of the Interior (Department or Interior) to acquire fractional interests in trust or restricted land from individuals who are willing to sell their interests for fair market value. In 2012, the Secretary of the Interior established the Land Buy-Back Program for Tribal Nations (Buy-Back Program or Program) to implement the land consolidation aspects of the Settlement.

The principal goal of the Buy-Back Program is to consolidate the maximum number of fractional land interests through voluntary sales that place purchased interests into trust for Tribes. These transfers increase Tribal trust land bases for conservation, stewardship, economic development, or other uses deemed beneficial by sovereign Tribal nations.

The Program began purchasing fractional interests in December 2013 and thus far has consolidated more than 800,000 interests, equivalent to 2.3 million acres, across 50 locations in 15 states.

Information from the Department of Interior Land Buy-Back for Tribal Nations page at The Program | U.S. Department of the Interior (doi.gov)

 

Example Buy-Back Notice Postcard

Here is an example of a Buy-Back Notice landowners will receive: