25 CFR 115.709 - Will an annual audit be conducted on trust funds?

Regulations last checked for updates: May 18, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart F [§ 115.700 - § 115.713]

§ 115.709 - Will an annual audit be conducted on trust funds?

Yes, in accordance with the Trust Reform Act an annual audit will be conducted on trust funds. Each tribe and IIM account holder will be notified when the Secretary has conducted an annual audit on a fiscal year basis of all the trust funds held by the United States for the benefit of tribes and individual Indians. This notice will be provided in the first quarterly statement of performance following the publication of the audit.

authority: R.S. 441, as amended, R.S. 463, R.S. 465; 5 U.S.C. 301; 25 U.S.C. 2; 25 U.S.C. 9; 43 U.S.C. 1457; 25 U.S.C. 4001; 25 U.S.C. 161(a); 25 U.S.C. 162a; 25 U.S.C. 164; Pub. L. 87-283; Pub. L. 97-100; Pub. L. 97-257; Pub. L. 103-412; Pub. L. 97-458; 44 U.S.C. 3101

source: 66 FR 7094, Jan. 22, 2001, unless otherwise noted.

cite as: 25 CFR 115.709