StacksVerified U.S. regulatory reference

49 CFR §29.506

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The following standards apply to a Tribe's financial management systems when carrying out a compact and funding agreement:
  1. (a)The system must expend and account for funds included in a funding agreement in accordance with:
    1. (1)The compact and funding agreement;
    2. (2)All statutory requirements applicable to the funding source; and
    3. (3)Applicable provisions of 2 CFR part 200.
  2. (b)The fiscal control and accounting procedures of a Tribe's financial management system must be sufficient to:
    1. (1)Permit the preparation of reports required by applicable Federal law, the compact, funding agreement, and this part; and
    2. (2)Permit the tracing of program or project funds to a level of expenditure adequate to establish that the funds have not been used in violation of any restrictions or prohibitions contained in any statute or provision of 2 CFR part 200 that applies to the funds included in the compact and funding agreement.