Greetings Relatives/Frens/Humans: I was reading proposed agenda of Budget & Finance and noticed that the B&F was going to review a proposal by B&F Chaiman Jamie Henio for a $3 million investment into a “Company.”
I immediately wondered why the “Company” was not identified, especially since $3 million of the Navajo Nation’s money would be invested into a manufacturing “Company.”
According to Henio’s proposed Legislation 0133-20 , the B&F would approve a $3M direct equity investment into “Company.” In other words, the B&F has sole approval over making the $3M investment.
And so i went to Navajo Nation Office of Legislative Services Public Reports, http://dibb.nnols.org/PublicReporting.aspx, and put in 0133-20 in Search. I quickly read through 0133-20 to locate name of “Company.” The “Compnay” was never identified by name…
I also found a June 12 resolution of the Navajo Nation Investment Committee, which stated that they supported the $3M investment for the “acquisition” or purchase of the “Company.”
PROPOSED AGENDA OF THE BUDGET AND FINANCE COMMITTEE OF THE NAVAJO NATION COUNCIL, June 22, 2020
Work Session, 2:00 p.m.
TELECONFERENCE CALL NUMBER: (425) 436-6375, PASSCODE: 805049
Presiding: Raymond Smith, Jr., Vice Chairperson
Place: Via Telecommunication, Window Rock, Navajo Nation (Arizona)
_ Elmer P. Begay _ Jamie Henio
Nathaniel Brown _ Raymond Smith, Jr.
Amber K. Crotty _ _ Jimmy Yellowhair
- Call the Work Session to Order; the Roll Call; the Invocation;
- Recognize Guests and Visiting Officials
- Review and Adopt the Agenda
M: S: Vote: Yeas: Nays
- Receive Reports:
a. Legislation No. 0133-20: An Action Relating to the Budget and Finance Committee; Approving a Direct Equity Investment in Company as set forth in NNICJU-08-20 pursuant to the Navajo Nation Master Investment Policy Sponsored by Jamie Henio and Seth A. Damon, Council Delegates – presented by Jamie Henio, Council Delegate and others
- Close of the Work Session; Written Announcements; Adjournment
M: S: Vote: Yeas: Nays
THIS AGENDA IS SUBJECT TO CHANGE. The public is advised that the Navajo Nation Council Agenda and the Agendas of the Standing Committees are not final until adopted by a majority
vote of the Navajo Nation Council or the Standing Committee at a Navajo Nation Council or a Standing Committee meeting pursuant to 2 N.N.C. §§163 and 183, Navajo Nation Council Rule of