§ 4011. Responsibility of Secretary to account for daily and annual balances of Indian trust funds
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(a)Requirement to account The Secretary shall account for the daily and annual balance of all funds held in trust by the United States for the benefit of an Indian tribe or an individual Indian which are deposited or invested pursuant to section 162a of this title.
(b)Periodic statement of performance Not later than 20 business days after the close of a calendar quarter, the Secretary shall provide a statement of performance to each Indian tribe and individual with respect to whom funds are deposited or invested pursuant to section 162a of this title. The statement, for the period concerned, shall identify—
(1)the source, type, and status of the funds;
(2)the beginning balance;
(3)the gains and losses;
(4)receipts and disbursements; and
(5)the ending balance.
(c)Annual audit The Secretary shall cause to be conducted an annual audit on a fiscal year basis of all funds held in trust by the United States for the benefit of an Indian tribe or an individual Indian which are deposited or invested pursuant to section 162a of this title, and shall include a letter relating to the audit in the first statement of performance provided under subsection
(b)after the completion of the audit.
(Pub. L. 103–412, title I, § 102, Oct. 25, 1994, 108 Stat. 4240.)
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- Public Law 107–63Making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 2002, and for other purposes
- Public Law 108–7
- Public Law 108–447Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 2005, and for other purposes
- Public Law 109–54Making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2006, and for other purposes
- Public Law 108–108Making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 2004, and for other purposes
- Public Law 105–276Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes
- Public Law 106–291Making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 2001, and for other purposes
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- Pub. L. 103–412, title I, § 102
- 108 Stat. 4240
- Pub. L. 109–54, title I
- 119 Stat. 519
- Pub. L. 108–447, div. E, title I
- 118 Stat. 3061
- Pub. L. 108–108, title I
- 117 Stat. 1263
- Pub. L. 108–7, div. F, title I
- 117 Stat. 236
- Pub. L. 107–63, title I
- 115 Stat. 435
- Pub. L. 106–291, title I
- 114 Stat. 939
- Pub. L. 106–113, div. B, § 1000(a)(3) [title I]
- 113 Stat. 1535
- Pub. L. 105–277, div. A, § 101(e) [title I]
- 112 Stat. 2681–231
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§ 4011
Responsibility of Secretary to account for daily and annual balances of Indian trust funds
Stat.×8
Fed. Reg.×1
Stat. Comp.×1
Pub. L.Pub. L. 103–412, title I, § 102
Stat.108 Stat. 4240
Pub. L.Pub. L. 109–54, title I
Stat.119 Stat. 519
Pub. L.Pub. L. 108–447, div. E, title I
Cites 19 · showing 6Cited by 10 across 3 sources