An Act
Engrossed
Legislative Act 13 - 85
Title
A NEW ACT RELATING TO CHEROKEE NATION OF OKLAHOMA GENERAL FISCAL LAWS; REPLACING LA 3-76, LA 7-76,
AND LA 1-77 WITH THIS ACT; REPEALING LA 1-80, LA 3-81, LA 1-82, LA 1-83 AND LA 1-84; INCORPORATING CERTAIN PROVISIONS IN RESOLUTIONS 1-76, 5-76, 26-77, 1-78, 3-78, 11-78, 39-78, 40-78, 48-78, 61-78, 100-78, 61-79, 66-79, 26-80, 50-80, 93-80, 20-81, 52-81,
57-81, 59-81, 60-81, 83-81, 5-82, 8-L82, 38-82, 58-82, 59-82, 3-83, 74-83, 21-84, 33-84, 55-84i 79-84, 80-84, 82-84, 84-84, 9-85, 21-85, 23-85; AND DECLARING AN EMERGENCY
Body
BE IT ENACTED BY THE CHEROKEE NATION: Chapter 1. General Provisions.
Section 101. Fiscal Year.
The fiscal year for the Cherokee Nation shall commence On October 1 of each year and end on September 30 of the following year.
Chapter 2. Deposit of Funds.
Section 201. Requirements.
Any funds in the custody of the Cherokee Nation shall be deposited in an approved depository. There shall be one principal depository, provided for by law, and as many subsidiary depositories as may be necessary for the efficient regulation and management of tribal business. Said subsidiary depositories shall be approved in accordance with section 203 of this act.
Section 202. Principal Depository.
The principal depository for funds under the control of the Cherokee Nation shall be the let National Bank of Tahlequah.
Section 203. Subsidiary Depositories.
(A). Subsidiary depositoties used for investment of tribal funds shall be determined by competitive bidding. Said bidding and selectiot process of investment depositories shall be conducted by the Controller, under review of the Secretary-Treasurer on a regular basis.
(B). Other subsidiary depositoties may be designated for the purposes of efficient regulation and management of tribal business in a particular locale. Subsidiary depositories provided for under this subsection shall maintain a checking/general banking relationship with the Cherokee Nation and shall be appro...
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