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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 25 - Indians |
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Chapter V - Bureau of Indian Affairs, Department of the Interior, and Indian Health Service, Department of Health and Human Services |
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Part 900 - Contracts Under the Indian Self-Determination and Education Assistance Act |
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Subpart F - Standards for Tribal or Tribal Organization Management Systems |
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Property Management System Standards |
§ 900.54 - Should the property management system prescribe internal controls?
Latest version.
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§ 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.