25 U.S.C. § 4011 — Responsibility of Secretary to account for daily and annual balances of Indian trust funds
submitted 32 years ago by Pub. L. 103-412 to r/title-25-INDIANS · 209 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Secretary* shall account for the daily and annual balance of all funds held in trust by the United States for the benefit of an Indian tribe* or an individual Indian which are deposited or invested pursuant to section 162a of this title.
Not later than 20 business days after the close of a calendar quarter, the Secretary shall provide a statement of performance to each Indian tribe and individual with respect to whom funds are deposited or invested pursuant to section 162a of this title. The statement, for the period concerned, shall identify—
the source, type, and status of the funds;
the beginning balance;
the gains and losses;
receipts and disbursements; and
the ending balance.
The Secretary shall cause to be conducted an annual audit on a fiscal year basis of all funds held in trust by the United States for the benefit of an Indian tribe or an individual Indian which are deposited or invested pursuant to section 162a of this title, and shall include a letter relating to the audit in the first statement of performance provided under subsection (b) after the completion of the audit.
Source credit: (Pub. L. 103–412, title I, § 102, Oct. 25, 1994, 108 Stat. 4240.)
- 1994Enacted · Pub. L. 103-412 · 108 Stat. 4240
A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-412 on 1994-10-25.
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