Requirement to account
section 162a of this titleThe 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 .
Periodic statement of performance
Annual audit
section 162a of this titleThe 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 , 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, § 102108 Stat. 4240(, , .)
Statutory Notes and Related Subsidiaries
Performance and Account Statements for Inactive Accounts
Pub. L. 109–54, title I119 Stat. 519Provisions stating that the Secretary was not required to provide a quarterly statement of performance for any Indian trust account that had not had activity for at least 18 months and had a balance of $1.00 or less but was required to issue an annual account statement and maintain a record of any such accounts and to permit the balance in each such account to be withdrawn upon the express written request of the account holder, were contained in Department of the Interior, Environment, and Related Agencies Appropriations Act, 2006, , , , and were repeated in provisions of subsequent appropriations acts which are not set out in the Code. Similar provisions were also contained in the following prior appropriations acts:
Pub. L. 108–447, div. E, title I118 Stat. 3061, , .
Pub. L. 108–108, title I117 Stat. 1263, , .
Pub. L. 108–7, div. F, title I117 Stat. 236, , .
Pub. L. 107–63, title I115 Stat. 435, , .
Pub. L. 106–291, title I114 Stat. 939, , .
Pub. L. 106–113, div. B, § 1000(a)(3) [title I]113 Stat. 1535, , , 1501A–153.
Pub. L. 105–277, div. A, § 101(e) [title I]112 Stat. 2681–231, , , 2681–251.