502 Revenue and Depositories

502 Revenue and Depositories

ยง 502 Revenue and Depositories

A. All receipts of the Tribe shall be receipted for by official Tribal receipt and shall be deposited, intact, in such depository or custodial account as shall be selected by the Tribal Council. The Tribal Administrator shall make provisions to ensure that all funds are deposited timely.

B. Unless otherwise provided by law, regulation or policy of the Tribal Council, all monies of the Tribe that are held in bank accounts shall be insured by the Federal Government as to both principal and interest or otherwise collateralized by the bank to the extent provided by law. 

C. All revenues shall be credited to such funds as are established by the Tribal Council for which they are received, provided that any revenues not designated to be credited to any other fund shall be credited to the General Fund.  

D. No accounts may be opened with any bank or financial institution in the name of the San Juan Southern Paiute Tribe,  its enterprises, or any of its subordinate organizations without the approval of the Tribal Council by resolution.

E. The official mailing address of the Tribal Administration as authorized by resolution of the Tribal Council shall be the official mailing address on file for all depository and custodial accounts of the Tribe.

[Legislative History: Enacted by Resolution No. 2018-76, 10/19/2018]

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