{"id":33319,"date":"2023-10-30T09:44:48","date_gmt":"2023-10-30T13:44:48","guid":{"rendered":"https:\/\/indianz.com\/News\/?p=33319"},"modified":"2023-10-30T12:50:02","modified_gmt":"2023-10-30T16:50:02","slug":"nafoa-5-things-you-need-to-know-this-week-128","status":"publish","type":"post","link":"https:\/\/indianz.com\/News\/2023\/10\/30\/nafoa-5-things-you-need-to-know-this-week-128\/","title":{"rendered":"NAFOA: 5 Things You Need to Know this Week"},"content":{"rendered":" \"NAFOA\"<\/a>
Read 2023 Leadership Summit Alumna McKenna Green’s profile on NAFOA’s Interim Executive Director Susan Masten – Stewarding A Strategic Direction For Tribal Finance Advocacy And Education<\/a>. Photo courtesy NAFOA<\/a><\/figcaption>\r\n
5 Things You Need to Know this Week<\/div>\r\n
Boo! \ud83d\udc7b 18 Days Left until Appropriations Funding Runs Out.<\/div>\r\n
Monday, October 30, 2023<\/div>\r\n
Source: NAFOA<\/div>\r\n
nafoa.org<\/a><\/div>\r\n

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1. POLICY ALERT:<\/EM><\/div>\r\n
APPLICATIONS OPEN FOR 48(E) LOW-INCOME COMMUNITIES BONUS CREDIT PROGRAM<\/div>\r\nLast week, the Internal Revenue Service (IRS), the U.S. Department of the Treasury, and the Department of Energy announced that applications are open for the 48(e) Low-Income Communities Bonus Credit Program. The application period is open from October 19th to November 18th, with any applications received during these first 30 days treated as having been received at the same time.\r\n

<\/P>\r\nIncluded as part of last year\u2019s Inflation Reduction Act (IRA), eligible applicants can apply to receive a 10% to 20% point boost to the energy investment tax credit for qualified solar or wind facilities that are on tribal land or in low-income communities. In the program\u2019s August announcement, Treasury Deputy Secretary Wally Adeyemo said \u201cthe Low-Income Communities Bonus Credit Program \u2013 also known as 48(e) \u2013 supports the deployment of renewable energy technology to benefit low-income households and communities. The program provides a significant incentive on top of the existing 30% Investment Tax Credit, allowing the transition to wind and solar energy to be more affordable for families and communities nationwide.\u201d\r\n

<\/P>\r\nContinue Reading<\/a>\r\n\r\n

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2. FUNDING OPPORTUNITY:<\/EM><\/div>\r\n
STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) INVESTING IN AMERICA SMALL BUSINESS OPPORTUNITY PROGRAM<\/div>\r\nThe U.S. Department of the Treasury (Treasury) is pleased to announce that it is seeking applications from eligible applicants for grant funding under the new SSBCI Investing in America SBOP that propose innovative and high-impact models for delivering technical assistance (TA) in the areas of legal, accounting, and financial advisory services to very small businesses (VSBs) and businesses owned and controlled by socially and economically disadvantaged individuals (SEDI\u2011owned businesses).\r\n

<\/P>\r\nThe SSBCI Investing in America SBOP is related to and supports the SSBCI Capital Program and the allocation formula-based SSBCI TA Grant Program. The SSBCI Capital Program is a federal program administered by Treasury that provides funding to states, the District of Columbia, territories, and Tribal governments to expand access to capital for small businesses emerging from the pandemic, build ecosystems of opportunity and entrepreneurship, and create high-quality jobs. The formula SSBCI TA Grant Program is also a federal program administered by Treasury that funds the provision of TA services in the areas of legal, accounting, and financial advisory services to eligible small businesses applying for SSBCI funding and other government small business programs.\r\n

<\/P>\r\nLearn More<\/a>\r\n\r\n

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3. MUST READ: <\/EM><\/div>\r\n
NEW SPEAKER’S DEAL WITH GOP COLLEAGUES LEFT OUT INDIAN COUNTRY HEALTH FUNDING<\/div>\r\nSoon after Rep. Mike Johnson (R-LA) was elected speaker of the House on Wednesday, the National Indian Health Board announced that in his campaign to become speaker, he sent out a Dear Colleague Letter outlining his goals and projected timelines<\/a> for action.\r\n

<\/P>\r\nThe letter includes finishing Fiscal Year (FY) 2024 federal spending sometime after the current Continuing Resolution (CR) expires November 17, 2023. \r\n

<\/P>\r\nIn order to finish spending negotiations, Speaker Johnson proposes to his Republican colleagues a second CR funding the federal government through either January 15 or April 15, whichever can obtain Republican Conference consensus. \r\n

<\/P>\r\nHis letter did not include guarantees to keep the federal government funded to avoid a shutdown. His proposal to reach consensus on short term funding had no parameters. This means that changes in law including cuts and across-the-board rescissions could be back in the discussion.\r\n

<\/P>\r\nMost concerning to Indian Country is Speaker Johnson\u2019s letter did not mention renewal of the Special Diabetes Program for Indians<\/a> (SDPI) (or other key health extensions) that will also expire on November 17. A 2-year renewal for SDPI has widespread bipartisan support, but it has not yet been considered by the full House or Senate. \r\n

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Source: Native News Online<\/div>\r\nContinue Reading<\/a>\r\n\r\n

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