The Bond Buyer
January.25.2012
This article, about the Treasury Department's report to Congress on Indian tribal governments obtaining greater access to capital markets, quotes Portland public finance partner Townsend Hyatt.
Townsend Hyatt said he is encouraged by the report and can't remember a time when the Treasury Department came out with such strong recommendations to Congress on the issue.
"This would not be a significant drain on Treasury and it would really help put the tribes on equal footing as states," he said.
Hyatt agreed with Treasury that access to capital has been difficult for tribes, but said a major problem was the way the Treasury allocated the full $2 billion for tribal economic development bonds.