NAABI CONTINUES DEBATING $220 MILLION BOND/LOAN
DELEGATE WALTER PHELPS
Challenge in my area is the ability of businesses to qualify for loans. Right now NFOIA is asking for RFPs and I know that Navajo Nation is member and I’d like to submit proposals. But there is question of qualifying for loan by providing security/collateral.
Recently, Council approved Navajo Transitional Energy Company and eliminated $36 million line of credit for NTEC so that concept to provide line of credit to local level government/communities which wud also provide same opportunity as Council was going to provide to NTEC.
In working on Bond, I’m a co-sponsor and want to move forward. And we certainly do need a Chief Financial Officer to oversee this Bond/Loan project.
And I’m basically asking that local businesses be given the same financial opportunities as NTEC.
DELEGATE RUSSELL BEGAYE
I’m happy that if there any disputes that the disputes wud go into Navajo Courts.