Alaska Lawmakers Seek To Up Tribal Bonds To $4B, Add ANCs
By Andrew Westney (July 30, 2021, 9:44 PM EDT) -- Alaska's congressional lawmakers have floated legislation that would double the cap on tax-exempt bonds to spur Native American tribal projects to $4 billion and make Alaska Native corporations eligible for the program to help Alaska Natives the lawmakers said had been unfairly left out.
The Tribal Economic Development Bonds, known as TED Bonds, were created under the American Recovery and Reinvestment Act of 2009 to allow tribal governments to finance economic development projects on their reservations like those for which state or local governments issue similar bonds, such as water treatment facilities and some residential rental projects.
While the initial cap...
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