25 CFR 115.903 - May cash bonds (e.g., performance bonds, appeal bonds, etc.) be deposited into a special deposit account?

Regulations last checked for updates: May 19, 2024

Title 25 - Indians last revised: Mar 22, 2024

View all text of Subpart H [§ 115.900 - § 115.904]

§ 115.903 - May cash bonds (e.g., performance bonds, appeal bonds, etc.) be deposited into a special deposit account?

No, cash bonds may not be deposited with OTFM, which includes the special deposit accounts at OTFM. Cash bonds held by the Secretary are to be deposited in non-interest bearing accounts until the term of the bonds expire.

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 115.903