§ 1000.1955. What are the consequences of a finding of imminent jeopardy in the Secretary's annual trust evaluation?
117 words·~1 min read·
/us/cfr/t25/s§ 1000.1955·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)A finding of imminent jeopardy to a trust asset, natural resource, or public health and safety that is caused by an act or omission of the Tribe/Consortium and that arises out of a failure by the Tribe/Consortium to carry out the compact or funding agreement, triggers the Federal reassumption process (see subpart M of this part), unless the conditions in paragraph
(b)of this section are met.
(b)The reassumption process will not be triggered if the Secretary's designated representative determines that the Tribe/Consortium:
(1)Can cure the conditions causing jeopardy within 60 days; and
(2)Will not cause significant loss, harm, or devaluation of a trust asset, natural resources, or the public health and safety.