[Code of Federal Regulations]

[Title 33, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 33CFR49.10-1]



[Page 119]

 

                TITLE 33--NAVIGATION AND NAVIGABLE WATERS

 

         CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY

 

PART 49_PAYMENT OF AMOUNTS DUE MENTALLY INCOMPETENT COAST GUARD PERSONNEL

--Table of Contents

 

                    Subpart 49.10_Reports and Moneys

 

Sec. 49.10-1  Reports required.





    The trustee or trustees so appointed shall submit reports annually, 

or at such other times as the Commandant may designate. The report shall 

show a statement of the conditions of the trust account at the time of 

the submission of the report, including all funds received on behalf of 

the incompetent; all expenditures made in behalf of the incompetent, 

accompanied by receipts or vouchers covering such expenditures; and a 

receipt indicating that the surety bond required by Sec. 49.05-5 has 

been renewed. When the trustee is the spouse or adult dependent of the 

incompetent, receipts or vouchers need not be filed for expenditures 

made for living expenses. If the trustee or trustees fail to report 

promptly and properly at the end of any annual period or at such other 

times as the Commandant desires, the Commandant may, in his discretion, 

cause payment to such trustee or trustees to cease, and may, if deemed 

advisable, appoint another person or persons not under legal disability 

so to act, to receive future payments of moneys due the incompetent for 

the use and benefit of the incompetent.