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Tribal tax-exempt bond bill pushed in California

A bill in California would make it easier for tribes to issue tax-exempt bonds just like other governments.

The Cabazon Band of Mission Indians is backing the bill. The tribe was the first in the state to finance tax-exempt bonds for its casino project. Just last week, the Morongo Band of Mission Indians won approval to issue bonds through a city government.

The bill is sponsored by Assemblyman Lou Correa, a Democrat. It faces opposition from county officials who say tribes should be forced to comply with state laws if they want to issue the bonds.

Get the Story:
Tribe backs bonds bill (The Riverside Press-Enterprise 8/5)

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City to issue $145M in bonds to help Morongo Band (07/28)