What Three Types of Bonds are Tribes now Authorized to Issue?
As a result of the ARRA, tribes now have the authority to issue three different types of bonds: 1.) Essential Government Function Bonds These are the bonds that were authorized by the Indian Tribal Status Act of 1982. There is no limit to the amounts of these bonds that tribes can issue. They can be used to finance traditional government facilities such as • Roads • Parks • Water and Wastewater systems • Government buildings • Schools • Etc. 2.) Tribal Economic Development Government Bonds Tribal Economic Development Government Bonds are one of the types of Tribal Economic Development Bonds authorized for the first time by the ARRA. They are subject to a $2 billion cap. They can be used to finance projects and facilities owned by tribes but outside the scope of “essential governmental function” bonds, such as • Convention centers • Golf courses • Sports facilities • Hotels • Restaurants • Water parks • Entertainment facilities • Marinas • Etc. 3.) Qualified Private Activity Tribal Econ
