CFR > Title 25 - Indians > CHAPTER I—BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR > SUBCHAPTER G—FINANCIAL ACTIVITIES (parts 101 to 143) > PART 115—TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS > SUBPART G—Tribal Accounts (§115.800 to §115.820) > 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.