S.439 - Indian Development Finance Corporation Act

A bill to provide for and promote the economic development of Indian tribes by furnishing the necessary capital, financial services, and technical assistance to Indian-owned business enterprises, to stimulate the development of the private sector of Indian tribal economies, and for other purposes. view all titles (2)

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  • Official: A bill to provide for and promote the economic development of Indian tribes by furnishing the necessary capital, financial services, and technical assistance to Indian-owned business enterprises, to stimulate the development of the private sector of Indian tribal economies, and for other purposes. as introduced.
  • Short: Indian Development Finance Corporation Act as introduced.

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  • Past Seven Days: 37
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02/12/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 28 Pages

Official Summary

2/13/2009--Introduced.Indian Development Finance Corporation Act - Establishes the Indian Development Finance Corporation to take certain actions, including: (1) providing development capital through financial services under this Act; (2) encouraging the development of new and existing Ind
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Official Summary

2/13/2009--Introduced.Indian Development Finance Corporation Act - Establishes the Indian Development Finance Corporation to take certain actions, including:
(1) providing development capital through financial services under this Act;
(2) encouraging the development of new and existing Indian business enterprises eligible to receive assistance from the Corporation; and
(3) otherwise assisting in strengthening Indian tribal economies through the development of Indian business enterprises. Authorizes the Corporation to:
(1) make loans or commitments for loans to any Indian business enterprise;
(2) purchase, insure, or discount any obligation of an Indian business enterprise if the enterprise meets specified requirements;
(3) purchase, or make commitments to purchase, any portion of the equity or ownership interest in the Indian business enterprise for purposes of providing long-term capital and working capital; and
(4) supervise or participate in the management of an Indian business enterprise in which such an investment has been made. Authorizes the Corporation to issue shares of stock. Requires the stock to be issued only to, and held only by, an Indian tribe or the federal government. Directs the Secretary of the Interior to:
(1) initially subscribe to at least $20 million in stock and; and
(2) beginning in FY2012, subscribe to $80 million in stock (unless the Corporation's board requests a smaller amount). Makes all stock subscribed to by the Secretary nonvoting and prohibits that stock from accruing dividends.

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Recent Blog Coverage

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12/26/10
Alkohol – Auch für Sportler eine soziale Droge

In: Addiction Research & Theory, Volume 5, Issue 6, S. 439 – 450. Lisha, Nadra E./Sussman, Steve (2010): Relationship of high school and college sports participation with alcohol, tobacco, and illicit drug use: A review. ...

Source: TEAM-ANDRO.com
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12/19/10
Psychoanalytische Erkundungen: Trauma im Film « Bücher – nicht nur ...

Ich halte dies für eine wichtige Enthüllung, für die Auffindung eines caput Nili der Neuropathologie« (Freud 1896, S. 439). Schon ein Jahr später distanzierte er sich aber von der Verführungstheorie. Die Schlussfolgerungen, die seine ...

Source: Bücher - nicht nur zum Judentum
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12/19/10
Right To Bail In India

For cancellation of bail in such a situation, the powers of the High Court or Court of Session under S. 439 will have to invoked. Rejection of bail when bails applied for is one thing; cancellation of bail already granted is quite ...

Source: Agosto Candace
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