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Section 503 of the Taos Pueblo Indian Water Rights Settlement Act (Public Law 111–291; 124 Stat. 3122) is amended— (1) in paragraph (1), by striking and the New Mexico Department of Finance and Administration Local Government Division on behalf of; (2) by redesignating paragraphs (3), (4), (5), (6), (7), (8), (9), (10), (11), and (12) as paragraphs (4), (5), (6), (7), (8), (10), (11), (12), (13), and (14), respectively; (3) by inserting after paragraph (2) the following: (3) Mitigation well system The term Mitigation Well System means a system of wells, pipelines, and treatment infrastructure to provide a method for offsetting surface water depletion effects to the stream segments identified in Article 7.3.3.1.9 of the Settlement Agreement.; and (4) by inserting after paragraph (8) (as so redesignated) the following: (9) Pueblo trust funds The term Pueblo Trust Funds means— (A) the Taos Pueblo Water Development Fund established by subsection (a) of section 505; (B) the Taos Pueblo Groundwater Development Supplemental Trust Fund established by subsection (h) of that section; and (C) the Taos Pueblo Surface Water Sharing Supplemental Trust Fund established by subsection (i) of that section..