25 C.F.R. § 900.54

Should the property management system prescribe internal controls?

Last amended: 2016Year: 2025Length: 62 wordsSubsections: 3Official source

Cite as 25 C.F.R. § 900.54 (2025)

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.
25 C.F.R. § 900.54: Should the property management system prescribe internal controls? | Justis AI