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Lac du Flambeau management contract decision

  • Dorsey & Whitney LLP
  • -
  • USA
  • -
  • September 9 2011

A federal appellate court has affirmed a district court’s decision invalidating a $50,000,000 tribal bond indenture on grounds that the indenture was an unapproved management contract and void under the federal Indian Gaming Regulatory Act, 25 U.S.C. 2701 et seq

Tribal and other public comment sought on stimulus allocation

  • Dorsey & Whitney LLP
  • -
  • USA
  • -
  • March 12 2009

This is a follow up on our earlier alert regarding the opportunity provided in the Economic Stimulus legislation for Indian tribal governments to finance reservation projects on a tax-favored basis using "tribal economic development bonds

IRS authorizes optional TEDB volume cap extensions, requests comments on reallocation of volume cap

  • Dorsey & Whitney LLP
  • -
  • USA
  • -
  • November 2 2011

On October 31, 2011, the Internal Revenue Service (the “IRS”) published an Announcement describing two new features for the existing tribal economic development bond (“TEDB”) program

Treasury requests comments on tribal economic development bonds

  • Dorsey & Whitney LLP
  • -
  • USA
  • -
  • July 16 2010

In the July 12, 2010 Federal Register, the Department of the Treasury (the "Department" or "Treasury") published a notice and request for comments (the "Notice"), with respect to tribal economic development bonds ("TEDBs"