October 24: 5 Things You Need to Know This Week

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Photo of the Week: Throwback to the last in-person Treasury Tribal Advisory Committee (TTAC) meeting. The next meeting will take place this week on Wednesday, October 26.

1. POLICY: CALL FOR NOMINATIONS FOR SECRETARY TO APPOINT MEMBER TO TTAC

 

Treasury seeks nominations on behalf of the Secretary of the Treasury (Secretary) for the appointment of one member to the TTAC. Please send applications or recommendations to TTAC@treasury.gov, with the subject line “Treasury Tribal Advisory Committee member application or recommendation.” Self-nominations are welcome. The Department of the Treasury will accept applications for Secretarial appointments to the TTAC until November 18, 2022.

For more information, please visit the notice published in the Federal Register or email TTAC@treasury.gov.


2. PROFESSIONAL DEVELOPMENT: ONLINE INTRODUCTORY TRIBAL FINANCE AND ACCOUNTING CERTIFICATE

This eight-week cohort program provides the opportunity to connect with other tribal peers while gaining knowledge and experience to help become a more effective tribal finance/accounting professional and leader. Because all sessions are available virtually, you’ll be able to learn on your own time and set hours convenient to your schedule.

In addition, you’ll have the opportunity to interact with and learn from other tribal finance/accounting professionals throughout the state and across the country. The Zoom chat room with instructors is available for discussion and questions about course material at the end of each week.

Registration includes digital instruction, materials, and certificates, one copy of the Financial Reporting and Information Guide for Tribal Governments, and Their Enterprises (Orange Book) as published by NAFOA will be distributed as part of the registration fee to each participant.


3. FOR TRIBAL GOVERNMENTS: TREASURY EXTENDS DEADLINE FOR LOCAL ASSISTANCE AND TRIBAL CONSISTENCY FUND

Eligible Tribal governments must request funding by January 31, 2023 at 11:59 PM AKDT. If an eligible Tribal government does not complete its submission by that deadline, the Tribal government will not be eligible for either the first or second payment under the LATCF. The first payment will be available immediately and will be made to Tribes on a rolling basis. Treasury expects to make the second payment after the start of fiscal year 2023.


4. FROM THE NAFOA NAVIGATOR: AMERIND EMPOWERS TRIBES TO TAKE CONTROL OF THEIR INSURANCE PROGRAMS

By Robert Dahl, Acting Chief Executive Officer, AMERIND

It’s time Tribes exercise their sovereignty and self-determination over their economies, including protecting their employees through unique Tribal Workers’ Compensation programs.

When Tribes purchase conventional, statutory workers’ compensation policies, they are not only signing up for a standard, one-size-fits-all model, they are waiving their sovereign immunity and subjecting themselves to state jurisdiction and courts. Furthermore, statutory workers’ compensation policies leave Tribes vulnerable to the litigation that runs rampant in state systems.

Utilizing an arbitration type format, AMERIND helps Tribes avoid lengthy court battles. This more informal process saves Tribes considerable legal expense. Owned by more than four hundred Tribes, AMERIND is tax-exempt and free from state workers’ compensation laws and regulation. Doing business sovereign to sovereign with AMERIND means saving money by avoiding state and federal taxes and fees. Thus, AMERIND’s expense ratio is typically 10-15% less than other insurance carriers.

Another way for an employer to take control of their program and save money is through a thoughtful and planned out Return-to-Work program. An employer can reduce or eliminate the indemnity cost of a claim— or wage-loss piece—by bringing an employee back to work through a modification of their job duties, thus accommodating any restrictions set by a doctor. Designating a medical provider or clinic can aid in this process. Bringing an employee back to work faster keeps them connected with their employer, lessening the likelihood of them seeking an attorney, which reduces potential litigation costs. The AMERIND Tribal Workers’ Compensation team collaborates with an employer to assist them in establishing a successful Return-to-Work program.


5. JOBS: SAN MANUEL BAND OF MISSION INDIANS SEEKS VP ASSOCIATE GENERAL COUNSEL – TRANSACTIONS

The VP, Associate General Counsel –Transactions provides these services to San Manuel Band of Mission Indians (SMBMI) and its affiliates within the areas of their responsibility, including overseeing strategic legal direction on major complex transactional activities of the SMBMI and its affiliates. The VP, Associate General Counsel –Transactions also oversees the delivery of strategic legal support to the SMBMI in the areas of mergers and acquisitions, finance, investments, corporate development, corporate governance, taxation, intellectual property, contracting and other procurement-related, activities, and information technology.


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