§900.54. Should the property management system prescribe internal controls?
25 C.F.R. § 900.54
Yes. Effective internal controls should include procedures:
For the conduct of periodic inventories;
To prevent loss or damage to property; and
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.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 450f et seq.
Source
Source: 61 FR 32501, June 24, 1996, unless otherwise noted.