§ 900.44 — What Minimum General Standards Apply To All Indian Tribe Or Tribal Organization Financial Management Systems When Carrying Out A Self-determination Contract?

The fiscal control and accounting procedures of an Indian tribe or tribal organization shall be sufficient to:

(a) Permit preparation of reports required by a self-determination contract and the Act; and

(b) Permit the tracing of contract funds to a level of expenditure adequate to establish that they have not been used in violation of any restrictions or prohibitions contained in any statute that applies to the self-determination contract.