; confirmation of land ownership (a) Extinguishment of Indian title The title to all land within the exterior boundaries of the Reservation held by the Tribe on the date of enactment of this Act, except for the Repurchased Lands, is extinguished. (b) Confirmation of land ownership Title to land and interests in land within the exterior boundaries of the Reservation held by the State, the local governments, or any individual or entity on November 5, 1849, is recognized and confirmed. 6. Waiver and release of claims (a) Claims against United States, state, local governments, and other parties The Tribe and the Secretary shall execute appropriate documents providing for the relinquishment by the Tribe of all claims against— (1) the United States for a breach of the trust responsibility associated with any sale of any portion of the Reservation; and (2) the State, local governments, and any other individual or entity occupying the Reservation for any trespass and related damages in connection with the occupation and use of the Reservation during the period beginning on November 5, 1849, and ending on the effective date described in subsection (b). (b) Effective date The relinquishment of claims under subsection (a) shall take effect on the later of— (1) the date on which the Tribe receives payment of all of the settlement funds under section 7; and (2) the date on which the Secretary publishes in the Federal Register a notice that the documents described in subsection (a) have been executed by the Secretary and the Tribe. 7. Settlement funds Subject to the appropriation of funds, the Secretary shall pay to the Tribe $50,000,000 over 5 years in full settlement of the claims of the Tribe, to be managed, invested, and used by the Tribe to promote economic development and land acquisition, as determined by the Tribe in accordance with the constitution and laws of the Tribe. 8. Land acquisition; tribal authority to enter into agreements