It is now 7:36 pm and the Navajo Council’s Naa’biki’yati’ Committee has recessed for supper in the Council chamber where they have been meeting since noon today. The first item on their agenda was the $220 million Bond/Loan and the Committee has been debating since they got a quorum. Well, they broke for a couple […]
THE NAVAJO COUNCIL NAA’BIKI’YATI’ COMMITTEE CONTINUES TO DEBATE $220 MILLION BOND/LOAN LEGISLATION AND NOW COMMITTEE MEMBERS ARE FOCUSING ON THE LIST OF PROJECTS THAT WOULD BE FINANCED BY THE BOND/LOAN. DELEGATE DANNY SIMPSON I want to address projects listed for financing under Bond/Loan. Why was Crownpoint project been removed for first year. DELEGATE KATHERINE BENALLY […]
THE NAVAJO COUNCIL’S NAA’BIKI’YATI’ COMMITTEE IS STILL DEBATING $220 MILLION BOND/LOAN. IT’S NOW 6:47 PM. NAABI GOT QUORUM ABOUT NOON AND IMMEDIATELY TOOK UP BOND/LOAN LEGISLATION. We have to know what is going on, including refinancing. But we have to kow what has been finally negotiated. what happened today is that interest rate has not […]
THE NAVAJO COUNCIL’S NAA’BIKI’YATI’ COMMITTEE CONTINUES AMENDING PROPOSED $220 MILLION BOND/LOAN THAT LEGALLY PROTECT SPECIFIC NAVAJO ASSETS, ESPECIALLY $1.4 BILLION PERMANENT TRUST FUND, FROM BEING USED TO REPAY BOND IF NAVAJO NATION FAILS TO MAKE REPAY BOND/LOAN. DELEGATE LORENZO CURLEY/BUDGET & FINANCE COMMITTEE MEMBER Crate Section 9 DELEGATE LEONARD TSOSIE why was this important clause […]
THE NAVAJO COUNCIL’S NAA’BIKI’YATI’ COMMITTEE STILL DEBATING PROPOSED $220 MILLION BOND/LOAN at 5:52 pm DELEGATE RUSSELL BEGAYE/amendment 3 I want to amend Delegate LoRenzo Bates’ amendment regarding Section 7 by including list of Navajo assets that cannot be used as collateral. The list was included in Bates’ amendment regarding Section 8. Where says “without limitations…legally […]
THE NAVAJO COUNCIL’S NAA’BIKI’YATI’ COMMITTEE CONTINUES DEBATING ON PROPOSED $220 MILLION LOAN/BOND DELEGATE LORENZO BATES offers second amendment which is to Section 8: go down section 8 and startes with language “without limitations” and insert after language “available assets” not include assets held by federal government, legally prohibited, including PTF, Reserves, Restrictred fedral and grant […]
THE NAVAJO NATION COUNCIL NAA’BIKI’YATI’ COMMITTEE CONTINUES TO DEBATE $220 MILLION BOND/LOAN: IT’S NOW 5:30 PM DLEGATE RUSSELL BEGAYE Why Arizona court? ORRICK LAW FIRM ATTORNEY DOUGLAS E. GOE Why Arizona? that was something negotiated in KeyBank loan and I think that that was Counsel for KeyBank wanted Arizona but no particular magic to Arizona. […]
THE NAVAJO COUNCIL’S NAA’BIKI’YATI’ COMMITTEE CONTINUES TO DEBATE PROPOSED $220 MILLION BOND/LOAN DELEGATE LEONARD TSOSIE I would like to ask that we do roll call vote on any actions regarding proposed $220 million Bond/Loan. (The votes of Navajo Council standing committees are not recorded by name of committee member. The Council electronically records votes and […]
NAABI CONTINUES DEBATE OVER PROPOSED $220 MILLION BOND/LOAN DELEGATE WALTER PHELPS Someone explain to me why Council has to specifically identify federal courts of New York. NAVAJO DEPT OF JUSTICE GOMEZ Federal courts are identified as courts of limited jurisdiction. For example, someone sued in California then know court in California. And New York well […]
NAVAJO COUNCIL NAA’BIKI’YATI’ COMMITTEE STILL DEBATING $220 MILLION BOND/LOAN: KEYBANK MANAGING DIRECTOR GEOFF URBINA asked to go over certain portions of $220 milion Bond/Loan and how KeyBank loan to Navajo Nation used: $60 MILLION LOAN WAS USED FOR: ? Gaming construction $3 m drought $30 m NTUA projects. IRS ruling that NTUA projects don’t violate […]
