Special Trustee: Hearing Before the Committee on Indian Affairs, United States Senate, One Hundred Seventh Congress, Second Session on the Role of the Special Trustee Whithin [i.e. Within] the Department of the Interior, September 24, 2002, Washington, DC.

Naslovnica
U.S. Government Printing Office, 2003 - Broj stranica: 36
 

Odabrane stranice

Ostala izdanja - Prikaži sve

Uobičajeni izrazi i fraze

Popularni odlomci

Stranica 33 - Mr. Chairman and members of the committee, I very much appreciate the opportunity to appear before you today In support of four public works projects in my district, the 13th Congressional District of Ohio.
Stranica 32 - Interior to manage the US Government's trust management responsibilities to American Indians and American Indian Tribes for trust resource management, trust funds management and land title and records management. Congress should take special care to ensure that these trust activities are managed according to the most exacting fiduciary standards and moral obligations of the highest responsibility and trust.
Stranica 29 - Managers and staff of the BIA have virtually no effective knowledge or practical experience with the type of trust management policies, procedures, systems and best practices which are so effective, efficient and prevalent in private sector trust departments and companies. The BIA area and field office managers do not have the background, the training, the experience...
Stranica 29 - Mismanagement and neglect have allowed the trust management systems, record keeping systems and risk management systems to deteriorate over a 20 to 30 year period and become obsolete »nd ineffective.
Stranica 27 - The internal working group developed a number of organizational options ranging from maintaining the status quo to privatizing functions to realigning all trust and associated personnel into a separate organization under a new Assistant Secretary within the Department. While this internal review was underway. Electronic Data Systems (EDS) was undertaking an independent, expert evaluation of the Department's trust reform efforts. On November 12, 2001, EDS presented its report "DOI Trust Reform Interim...
Stranica 31 - These defective systems prevent the government from meeting the fiduciary, accounting and reporting standards required by the American Indian Trust Fund Management Reform Act of 1994 and standards of ordinary prudence applicable to all trustees, public or private.
Stranica 27 - ... organizational options and to submit to the Department one or more alternatives to reform our trust management system. To further develop an improved reorganization plan and achieve broader consensus, Secretary Norton agreed to the creation of a joint DOI/Tribal Leaders Task Force on Trust Reform. The Task Force consists of two elected tribal leaders from each region, with a third tribal leader, from each region, acting as an alternate. The cochairs of the Federal team are Deputy Secretary Steve...
Stranica 29 - ... and the prospects for a timely solution are not very good. There are three principal causes of the mismanagement and neglect that have contributed to the trust management problems both currently and in the past: 1. The primary cause of the trust management problems both historically and currently can be attributed to the trade-offs of financial and managerial resources which take place at every level of...
Stranica 34 - ... identifiable assets, in this instance primarily land and investable cash, and is required to manage those assets, make fiducially responsible investment decisions, account for the income: Produced and report fully to the beneficiaries about its stewardship of these Indian trust assets. Like every other trustee, the Government trustee is required to know at every moment what assets are held in trust, how those assets are invested and managed and to whom the proceeds of that management belong and...
Stranica 29 - Congress within one year of appointment "a comprehensive strategic plan for all phases of the trust management business cycle that will ensure proper and efficient discharge of the Secretary's trust responsibilities to Indian tribes and individual Indians

Bibliografski podaci