control of the grantee, extend the time to allow for initiation of the enterprise, provided there is assurance the enterprise will be initiated forthwith within the extended time period. The Assistant Secretary will notify the lender in writing of a proposed action to require the return of grant funds or of a proposal to extend the time. 286.22 Reports. (a) Grantees are required to furnish the Assistant Secretary comparative balance sheets and profit and loss statements semi-annually for the first two years of operation following re ceipt of the grant, and annually thereafter for the succeeding three years. These may be copied of financial statements required by and furnished to the lender which provided the loan portion of the total financing required. If the lender does not require financial statements, the grantee must prepare and furnish copies of comparative balance sheets and profit and loss statements to the Assistant Secretary. (b) The Assistant Secretary will establish accounting and reporting systems which will appropriately show the status of the Indian Business Development Program at all times. SUBCHAPTER O-MISCELLANEOUS [RESERVED] APPENDIX TO CHAPTER I-EXTENSION OF THE TRUST OF RESTRICTED STATUS OF CERTAIN INDIAN LANDS This appendix contains citations of Executive orders and acts of Congress continuing the trust or restricted period of Indian land, which would have expired otherwise, within the several Indian reservations in the States named. The asterisk to the left of the name of a reservation indicates that the reservation is subject to the benefits of the Indian Reorganization Act of June 18, 1934 (48 Stat. 984; 25 U.S.C. 461-479), as amended, and as therein provided the trust or restricted period of the land is extended indefinitely. Where the name of a reservation is not preceded by an asterisk, such reservation is not subject to the Reorganization Act ar not subject to the benefits of such inc nite trust or restricted period extension, such reservation is dependent upon act Congress or Executive orders for exten of the trust or restricted period of the li For the purpose of insuring the conti ation of the trust or restricted status Indian allotments within Indian rese tions not subject to the Reorganization Congress by the act of June 15, 1935 Stat. 378) reimposed such restrictions may have been expired between the dates June 18, 1934, and December 31, 1936. |