S 2200 · 110th Congress · Native Americans

Tribal Water Resources Innovative Financing Act

Introduced 2007-10-18· Sponsored by Sen. Conrad, Kent [D-ND]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Indian Affairs.(2007-10-18)

Plain Language Summary

[AI summary unavailable — showing source text] Tribal Water Resources Innovative Financing Act - Authorizes the Secretary of the Interior to reimburse an Indian tribe for specified expenses and costs incurred by the tribe with respect to an eligible debt financing instrument. Defines "eligible debt financing instrument" to mean a bond or other debt financing instrument (including a note, certificate, mortgage, or lease agreement) issued by an Indian tribe, the proceeds of which are used for construction of an authorized Indian tribal municipal, rural, or industrial water project. Allows the Secretary to reimburse an Indian tribe for a project funded by an eligible debt financing instrument if the project is being carried out by the Indian tribe pursuant to a contract or cooperative agreement with the Secretary in accordance with the Indian Self-Determination and Education Assistance Act. Limits the federal cost share for a project under this Act to the federal cost share for the project as determined under the authorizing statute.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats