Date: April 21, 2000
REAFFIRM: April 8, 2019
SUBJECT: Delegation -- Institute of American Indian Art
- DELEGATION. By virtue of the authority vested in the Secretary of the Treasury, I hereby delegate the following authority for the Institute of American Indian and Alaska Native Culture and Arts Development.
<ol class="treas-list-lower-alpha"> <li><u>The Assistant Secretary for Management </u>has the authority to: <ol class="treas-list-none"> <li>(1) prescribe procedures for the valuation of contributions to the Institute of American Indian and Alaska Native Culture and Arts Development;</li> <li>(2) establish recordkeeping procedures for the <ol class="treas-list-none"> <li>(a) investment of funds received under the trust fund established in 20 USC 4425(b); and,</li> <li>(b) expenditure of accumulated interest for trust fund under 20 USC 4425(a); and</li> </ol> </li> <li>(3) monitor the program, and periodically evaluate the financial<br> recordkeeping procedures in accordance with 20 USC 4425(c).</li> </ol> </li> <li> <u>The Inspector General </u>shall audit the program, as necessary, and participate in the periodic evaluation of the financial recordkeeping procedures.</li> </ol> </li> <li><u>REDELEGATION</u>. This authority may be redelegated in writing</li> <li><u>AUTHORITIES</u>. <ol class="treas-list-lower-alpha"> <li>20 USC 4425.</li> <li>20 USC 4451, Authorization of Appropriations.</li> </ol> </li> <li><u>CANCELLATION</u>. Treasury Order 102-11, Delegation -- Institute of American Indian Arts, dated March 17, 1992, is superseded.</li> <li><u>OFFICE OF PRIMARY INTEREST</u>. Office of Financial Reporting and Policy, Deputy Chief Financial Officer, Assistant Secretary for Management</li>
/S/
Lawrence H. Summers
Secretary of the Treasury