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May 29, 2016
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Fort Peck tribes agree to $75M trust settlement

HELENA, Mont. (AP) — The Fort Peck tribes have agreed to a $75 million settlement with the U.S. government over the government's mismanagement of trust funds.

The agreement announced Monday is separate from the $3.4 billion Cobell settlement over similar claims by individual Native Americans. It comes days after the Confederated Colville Tribes accepted a similar $193 million settlement.

Fort Peck tribal leaders say in a statement the settlement will resolve all past claims against the U.S. government over mismanagement of trust funds from tribal land, natural resources and a credit program.

The agreement must be approved by a federal judge.

The statement says the tribal executive board "is in the process of developing plans for the prudent use of these funds to meet the current and future needs of the Fort Peck people."

Copyright 2012 The Associated Press.