Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 25 - Indians |
Chapter V - Bureau of Indian Affairs, Department of the Interior, and Indian Health Service, Department of Health and Human Services |
Part 900 - Contracts Under the Indian Self-Determination and Education Assistance Act |
Subpart F - Standards for Tribal or Tribal Organization Management Systems |
Property Management System Standards |
§ 900.59 - How are the inventory requirements for Federal property different than for tribal property?
Latest version.
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§ 900.59 How are the inventory requirements for Federal property different than for tribal property?
There are three additional requirements:
(a) The Indian tribe or tribal organization shall conduct a physical inventory of the Federally-owned property and reconcile the results with the Indian tribe or tribal organization's property records annually, rather than every 2 years;
(b) Within 90 days following the end of an annual funding agreement, the Indian tribe or tribal organization shall certify and submit to the Secretary an annual inventory of all Federally-owned real and personal property used in the contracted program; and
(c) The inventory shall report any increase or decrease of $5,000 or more in the value of any item of real property.