New US Tax-Exempt and Tax-Credit Bonds Available to Indian Tribes to Finance Commercial Developments
March 17, 2009
James F. Hayden, Gary Kashar
DOWNLOAD PDF: New Tax-Exempt and Tax-Credit Bonds Available to Tribes to Finance
Indian tribes have a significant new opportunity to finance commercial developments using tax-exempt bonds and tax-credit bonds, thanks to the recently enacted American Recovery and Reinvestment Act of 2009. The Act enables tribes to issue up to $2 billion of these bonds to finance commercial developments, including hotels, convention centers and other amenities, but not casinos, on Indian reservations. Several factors can influence which of these bonds a tribe should issue. Here are details on this new financing opportunity.
Contacts:
James F. Hayden
Partner
+ 1 212 819 8722
Gary Kashar
Partner
+ 1 212 819 8223
Kenneth Suh
Partner
+ 1 212 819 8995
Jin Kim
Partner
+ 1 212 819 8994
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