Regulations last checked for updates: Oct 17, 2024

Title 25 - Indians last revised: Mar 22, 2024
§ 900.54 - Should the property management system prescribe internal controls?

Yes. Effective internal controls should include procedures:

(a) For the conduct of periodic inventories;

(b) To prevent loss or damage to property; and

(c) To ensure that property is used for an Indian tribe or tribal organization's self-determination contract(s) until the property is declared excess to the needs of the contract consistent with the Indian tribe or tribal organization's property management system.

authority: 25 U.S.C. 450f
source: 61 FR 32501, June 24, 1996, unless otherwise noted.
cite as: 25 CFR 900.54