"Working together, the secretary of state's office and the Crow Tribe standardized the means by which banks file liens in Crow Reservation communities, throwing open the doors to prosperity. On Feb. 6, I joined Chairman Carl Venne of the Crow Nation and members of the Crow Legislature to celebrate a historic agreement between our two governments. Sens. Max Baucus and Jon Tester, Rep. Denny Rehberg and dignitaries from around the nation joined in the festivities.
Banks now can make loans more easily on the reservation. Capital will flow to the Crow people, bringing with it a new surge of economic development. Members of the Crow Nation will find it much easier to engage in commerce, form capital for investment, or start a small business. In short, there will be more jobs.
Unemployment on the Crow Reservation has been measured as high as 47 percent. This agreement will bring that number down.
This agreement is based on the Model Tribal Secured Transactions Act, legislation designed for any tribal government to use, anywhere in the country. That means the accomplishment can be duplicated, and other Native Americans can receive the same benefits as the Crow.
Already, other tribes around the nation are studying our UCC filing system compact, preparing to implement agreements of their own. Here in Montana, the Chippewa Cree Tribe on the Rocky Boy Reservation is working with my office to create their own secured transactions compact."
Get the Story:
Brad Johnson: Crow set new path to economic development
(The Billings Gazette 2/16)
Relevant Links:
Crow Tribe -
http://www.crowtribe.comModel
Tribal Secured Transactions Act -
http://www.nccusl.org/Update/DesktopModules/NewsDisplay.aspx?ItemID=139
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