25 C.F.R. · Indians
25 C.F.R. § 115.813

Is there a limit to the amount of trust funds OTFM will disburse from a tribal trust account?

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 115.813 — Is there a limit to the amount of trust funds OTFM will disburse from a tribal trust account?

§ 115.813 Is there a limit to the amount of trust funds OTFM will disburse from a tribal trust account? OTFM will only disburse the available balance of the trust funds in a tribal trust account in accordance with a use and distribution plan, if applicable, and will not overdraw a tribal trust account. If a tribe's trust funds are invested in securities that have not matured, OTFM will only sell the asset to make cash available to the tribe if: (a) There are no restrictions against the sale, and (b) A tribe provides OTFM with a tribal resolution stating that: (1) The security must be sold; (2) The tribe acknowledges that they may incur a penalty when the security is sold; and (3) The tribe acknowledges that the security may lose value if it is sold prior to maturity.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR25-SEC-135AF4
Entity Class
REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
25 C.F.R. § 115.813
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
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PRIMARY-SOURCE
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✓ TRUE
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07c52c158aea36eb...
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The regulatory text of 25 C.F.R. § 115.813 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 115.813