1. WEBINAR: AUGUST 22ND WEBINAR WITH THE TREASURY ON ELECT/DIRECT PAY
|Last year, the Inflation Reduction Act (IRA) made important changes in infrastructure and energy development, creating a new credit delivery mechanism that tribes can take advantage of known as Elective (or more commonly Direct) Pay. This past June, the Department of the Treasury and IRS released proposed guidance for the IRA’s Direct Pay provisions.|
On August 22nd from 2pm to 3:30pm Eastern Time, NAFOA is cohosting a webinar on the IRA’s Direct Pay provisions with the Department of the Treasury and key policy makers in the Senate.
With introductions by Treasurer of the United States Chief Lynn Malerba and IRA Chief Implementation Officer Laurel Blatchford, this webinar will focus on how tribes can access this new opportunity, hear first-hand from the Department about the availability of the Direct Pay tax credits, what they can be used for, and what kind of assistance is available to tribes.
2. FUNDING OPPORTUNITY: IHS CURRENTLY ACCEPTING APPLICATIONS FOR SMALL AMBULATORY PROGRAM
$50 million is available for tribes & tribal organizations to support the construction, expansion or modernization of small ambulatory health care facilities. Section 306 of the IHCIA, P.L. 94-437, authorizes the IHS to award funds to Tribes and/or Tribal organizations for construction, expansion, or modernization of ambulatory health care facilities.
Where non-Indians will be served in a facility, the funds awarded under this authority may be used only to support construction proportionate to services provided to eligible American Indian and Alaska Native (AI/AN) people. Participants in this program are selected competitively from eligible applicants.
3. POLICY: SLFRF INTERIM FINAL RULE RELEASED
On August 9, 2023, the Treasury released a new Interim Final Rule illustrating how recipient governments can use their State and Local Fiscal Recovery Funds (SLFRF) for natural disasters, community development, and surface transportation projects. The existing eligible uses are generally unchanged, and recipients may continue to use SLFRF funds in accordance with the 2022 final rule.
The Treasury released an Overview of the Interim Final Rule and a one-pager describing the changes and next steps. On August 16th, Treasury will provide two opportunities for recipients to attend a webinar about the three new eligible uses at 10 AM EDT and 4 PM EDT. During the session, we will highlight key new items and provide an orientation to the Interim Final Rule. Additionally, recipients will have the opportunity to submit questions for the Q&A session before the briefing.
For general questions, please email SLFRF@treasury.gov
4. FROM THE NAFOA NAVIGATOR: FINANCIAL PARTNERSHIP WITH TRIBAL COMMUNITIES
By Umpqua Bank We have been operating in the Pacific Northwest for 70 years and have long been a financial partner of tribal communities. These are connections we’ve built and nurtured over time. We value that history and look forward to strengthening those bonds and support in a new stage of our business. Umpqua Bank and Columbia Bank recently combined, creating the leading regional bank in the West.
5. JOBS: RED LAKE BAND OF CHIPPEWA INDIANS IS SEEKING DIRECTOR OF FINANCE
The primary responsibility of this position is to manage and oversee all financial activities of the Tribe, including accounting operations and purchasing operations of the Red Lake Nation. Reports to the Tribal Treasurer, full-time position with benefits, salary; DOQ
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