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Tribal Economic Development Bonds - First Application Deadline: August 15, 2009 |
August 14, 2009
Previously published on July 2009
The American Recovery and Reinvestment Act of 2009 (ARRA) gives Indian tribal governments the ability to use a new kind of tax-exempt bond called a "Tribal Economic Development Bond" (TEDBs) to finance economic development projects in the same way that State and local governments use tax-exempt bonds. These TEDBs can only be issued for projects for which a tribe has applied for and received "volume cap" from the Federal government.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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