the successful bidder shall be held in the trust fund system. (b) Use of funds (1) In general On the approval of the Secretary of a contract or other instrument for a sale, lease, permit, or any other conveyance described in subsection (a)(1), the funds held in the trust fund system and described in subsection (a), along with all income generated from the investment of those funds, shall be disbursed to the Indian tribe or individual Indian landowners. (2) Administration If a contract or other instrument for a sale, lease, permit, or any other conveyance described in subsection (a)(1) is not approved by the Secretary, the funds held in the trust fund system and described in subsection (a), along with all income generated from the investment of those funds, shall be paid to the party identified in, and in such amount and on such terms as set out in, the applicable regulations, advertisement, or other notice governing the proposed conveyance of the interest in the land at issue. (c) Applicability This section shall apply to any advance payment, bid deposit, or other earnest money received by the Secretary in connection with the review and Secretarial approval under any other Federal law (including regulations) of a sale, lease, permit, or any other conveyance of any interest in any trust or restricted land of any Indian tribe or individual Indian on or after the date of enactment of this Act.