Tax Exempt Bond Financing For Tribal Projects

Course Description

*Tribal governments have significant basic economic development needs, high employment, high poverty and significant credit constraints that impede their access to the tax-exempt bond market. Access to the bond market in a tax exempt atmosphere increases the ability of tribal governments to expand their economic infrastructure in a manner that allows for growth and economic prosperity.

* From 1987 through 2010 Indian tribal governments issued an average of about $157 million annually in tax exempt bonds for a total of about $3.76 billion in 321 total transactions, representing less than one-tenth of one percent of the total $6.599 trillion in new issues of long-term tax exempt municipal bonds issued during this period.

* Section 1402 of Title I of Division B of the American Recovery and Reinvestment Act of 2009 authorized $2 billion in bond authority for a new category of tax-exempt bonds for Indian tribal governments, known as “Tribal Economic Development Bonds” under Section 7871(f) of the Internal Revenue Code to promote economic development on Indian lands.

*This course designed by Montana & Associates will instruct tribal leaders and other tribal officials on issues surrounding tribal tax-exempt bonds and how to access this financing for tribal economic development projects.