§ 1000.1835. Does the Tribe/Consortium have to return property used in the operation of a retroceded program?
68 words·~1 min read·
/us/cfr/t25/s§ 1000.1835·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On the effective date of any retrocession, the Tribe/Consortium must, at the option of the Secretary, return all property and equipment, and title thereto:
(a)That was acquired with funds under the funding agreement for the program being retroceded; and
(b)That has a per item current fair market value in excess of \$5,000 at the time of the retrocession, or as otherwise provided in the funding agreement.