Navajo Council to Consider $4M Loan Bill

February 12, 2010

The Navajo Nation Council is scheduled to consider a bill next week that proposes borrowing up to $4 million from the tribe’s insurance commission to supplement the emergency management budget.

A similar version of the bill was considered by the council’s budget and finance committee on Feb. 2 and included short-term borrowing of up to $5 million, but it was denied passage by a 5-2 vote.

The latest bill is sponsored by council delegate Young Jeff Tom of Mariano Lake/Smith Lake in Arizona. It will be heard during the council’s scheduled Feb. 16 meeting.

If the bill passes, it will provide funding for costs associated with the recent state of emergency after the most powerful in a series of winter storms hit the 27,000 square-mile reservation on Jan. 21.

Was this article valuable?

Here are more articles you may enjoy.

Latest Comments

  • February 13, 2010 at 12:30 pm
    anon the mouse says:
    Apparently Baxter, you have no comprehension of the internal workings of the "tribal gaming authorities". Once we get a federal insurance authority, then the tribes can vote t... read more
  • February 12, 2010 at 3:30 am
    Baxtor says:
    Why don't all you American citizens take a ride to the reservation and try to win that new car, or a chance at $25K on their slot machines or try for some cash at the blackjac... read more

Add a CommentSee All Comments (2)Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features