Statutes, codes, and regulations
Code of Federal Regulations
Title 25 - INDIANSChapter I - BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIORSubchapter G - FINANCIAL ACTIVITIESPart 115 - TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS
Subpart G - TRIBAL ACCOUNTS
Section 115.805 - If a tribe is paid directly under a contract for the sale or use of trust assets, will we accept those trust funds for deposit into a tribal trust account?

25 C.F.R. § 115.805

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Current through September 30, 2024
Section 115.805 - If a tribe is paid directly under a contract for the sale or use of trust assets, will we accept those trust funds for deposit into a tribal trust account?

If a contract for the sale or use of trust assets specifies that payments are to be made directly to a tribe, we will not accept these trust funds into a tribal trust account. Where a tribe under 25 U.S.C. 450f et seq. has contracted or compacted with the federal government to operate a federal program and the tribe, operating the federal program on behalf of the Secretary, receives trust funds for the sale or use of trust assets pursuant to a contract that specifies that payments are to be made to the Secretary on behalf of a tribe or an individual [the owner of the trust assets], the tribe must follow § 115.708 for the deposit of the trust funds into the trust account.

25 C.F.R. §115.805