Reprising a $1 billion infusion to tribal entities last fall, the federal government is allowing tribes to issue another $1 billion in low-interest bonds that can be used for a wide range of projects, including health care centers.

According to the New Mexico Business Weekly, "The pueblos of Acoma and Ohkay Owingeh have been awarded bond allocations totaling about $29 million under the federal stimulus act." Acoma is using the new funds to build a wind farm. Ohkay Owingeh will use some $22.9 million for "refinancing, as well as recreational, government and commercial facilities."

Other tribes or pueblos helped by the program include Isleta, Santa Clara and the Navajo Nation.

Our Tribal Services team can help with a wide range of issues relating to financing. We've helped many clients approach these questions with creativity and insight. If you have questions, please contact us today.