S.2200 - Tribal Water Resources Innovative Financing Act

A bill to authorize the use of Federal funds for flexible financing of Indian tribal municipal, rural, and industrial water system construction projects by certain federally recognized Indian tribes. view all titles (2)

All Bill Titles

  • Official: A bill to authorize the use of Federal funds for flexible financing of Indian tribal municipal, rural, and industrial water system construction projects by certain federally recognized Indian tribes. as introduced.
  • Short: Tribal Water Resources Innovative Financing Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
10/18/07
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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.

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