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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 25 - Indians |
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Chapter VI - Office of the Assistant Secretary, Indian Affairs, Department of the Interior |
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Part 1000 - Annual Funding Agreements Under the Tribal Self-Government Act Amendments to the Indian Self-Determination and Education Act |
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Subpart Q - Miscellaneous Provisions |
§ 1000.398 - May a Tribe/Consortium invest funds received under a self-governance agreement?
Latest version.
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§ 1000.398 May a Tribe/Consortium invest funds received under a self-governance agreement?
Yes, self-governance funds may be invested if such investment is in:
(a) Obligations of the United States;
(b) Obligations or securities that are within the limits guaranteed or insured by the United States or mutual (or other) funds registered with the Securities and Exchange Commission and that only invest in obligations of the United States or securities that are guaranteed or insured by the United States; or
(c) Deposits insured by an agency or instrumentality of the United States or are fully collateralized to ensure protection of the funds even in the event of a bank failure.