• Tribal Economic Development Bonds - First Application Deadline: August 15, 2009
  • August 14, 2009
  • Law Firm: Greenberg Traurig, P.A. - Miami Office
  • 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.