More: bonds

Oglala Sioux Tribe responds to allegations in massive bond scam
Oglala Sioux Tribe responds to allegations in massive bond scam (June 9, 2016)

President John Yellow Bird Steele said the tribe and an economic development entity on the reservation were 'victims' in the $60 million scheme.


Bail revoked for defendant in Oglala Sioux Tribe bond scheme
Bail revoked for defendant in Oglala Sioux Tribe bond scheme (May 18, 2016)

Jason Galanis and six other defendants -- including his father -- are facing criminal and civil charges in connection with the multi-million dollar scheme.


Seven accused of defrauding Oglala Sioux Tribe in bond scheme
Seven accused of defrauding Oglala Sioux Tribe in bond scheme (May 12, 2016)

Federal authorities accused the defendants of cheating a tribal corporation and investors of more than $60 million.


Law Article: Guidelines for Tribal Economic Development Bonds
Law
Law Article: Guidelines for Tribal Economic Development Bonds (July 31, 2012)

"On July 16, 2012, the IRS released Notice 2012-48, which solicits applications for the allocation of available amounts of national bond issuance authority limitation (volume cap) for Tribal Economic Development...


Law Article: Notice on $1.8B tribal economic development bonds
Law
Law Article: Notice on $1.8B tribal economic development bonds (July 23, 2012)

"On July 16, 2012, the Department of Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) released Notice 2012-48 (the “Notice”), establishing new guidelines for allocating approximately $1.8 billion dollars...


WH Blog: Promoting economic development in Indian Country
WH Blog: Promoting economic development in Indian Country (July 17, 2012)

"To promote economic growth in tribal communities, Treasury and the Internal Revenue Service published new guidance today on allocating Tribal Economic Development Bonds (TEDBs). The TEDB program was established under...


Chad Yazzie: IRS wields its power in taxing tribal governments
Chad Yazzie: IRS wields its power in taxing tribal governments (July 17, 2012)

"A disruptive trend in governmental relations was revealed in recent Senate hearings over IRS taxation of American Indian tribal government functions. A fundamental component to constitutional federalism, intergovernmental immunity restricts...


Deni Leonard: Tribes not treated equally for municipal bonds
Deni Leonard: Tribes not treated equally for municipal bonds (April 2, 2012)

"In 1994 a meeting was held with the Securities and Exchange Commission (SEC) to discuss institutional discrimination against American Indian Tribes issuing Tribal Municipal Finance Bonds to pay for Tribal...


Dante Desiderio: Tribes   gaining  access to capital markets
Dante Desiderio: Tribes gaining access to capital markets (February 21, 2012)

"Congress all but guaranteed tribal finance to be a clear winner in the American Recovery & Reinvestment Act. Included in the Act were two provisions that held the promise of...


Business Week: Navajo Nation prepares to offer $120M bonds
Business Week: Navajo Nation prepares to offer $120M bonds (November 11, 2011)

"The largest American Indian tribe, the Navajo Nation, plans to issue its first bonds in a $120 million offering that would be the biggest sale of nongaming tribal debt in...


Fronteras: Navajo Nation set to offer $120M  bond package
Fronteras: Navajo Nation set to offer $120M bond package (November 3, 2011)

"The Navajo Nation plans to issue its first bonds to raise funds for local infrastructure projects. Unlike their state and municipal government counterparts, tribes typically face more challenges borrowing money....


Navajo Nation to offer $120M in bonds to finance projects
Navajo Nation to offer $120M in bonds to finance projects (November 1, 2011)

The Navajo Nation is set to offer its first bond package -- $120 million that will be used to finance about 50 projects throughout the reservation. The tribe has a...


Sen. Coburn proposing a wide range of cuts to Indian programs
Sen. Coburn proposing a wide range of cuts to Indian programs (August 4, 2011)

Sen. Tom Coburn (R-Oklahoma) is proposing to eliminate a wide range of Indian programs as part of his Back to Black plan to reduce the federal deficit by $9 trillion...


Bond Buyer: Navajo Nation set to issue first bonds in its history
Bond Buyer: Navajo Nation set to issue first bonds in its history (June 29, 2011)

"The Navajo Nation is quietly planning to access the capital markets for the first time in its history within the coming six months. Having received its first-ever bond rating in...