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Legislation Details

Resolution Number
CAP-44-18
Legislation Number
0490-17
Legislation Title
An Action Relating To Resources And Development, Budget And Finance, Naa'bik'iyati' Committees And The Navajo Nation Council; Approving And Authorizing The Navajo Transitional Energy Company To Pledge 100% Of The Equity Interest Of The Navajo Nation In The Navajo Transitional Energy Company For Securing Credit Or Financing; Consenting To The United States Bureau Of Indian Affairs' Approval Of The Mortgage As Allowed By Applicable Federal Regulations, 25 C.F.R. Part 162, For The Mine Plant Lease And Part 211 For The Mine Lease And Navajo Transitional Energy Company's Rights-Of-Way; And Rescinding CS-55-17
Legislation Description
This legislation approves and authorizes NTEC to pledge 100% of the Navajo Nation's equity interest in NTEC to secure credit financing, consents to the BIA's approval of the mortgage and rescinds previous resolution CS-55-17.
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Sponsor
Seth Damon
Co-Sponsor(s)
Tuchoney Slim Jr
Status
Resolution
Executive Branch (164/SAS No.)
N/A
Vote Requirements
N/A
Legislation Entered By
MNez ADMIN
Approved Committees
  1. Resources & Development Committee
  2. Budget & Finance Committee
  3. Naa'bik'iyati' Committee
  4. Navajo Nation Council
OLC Number
17-804-01
Date Uploaded By Document Title
05/01/2018, 11:26 am MNez ADMIN CAP-44-18.pdf