Webinar on Elective Pay Final Regulations

On March 5, 2024, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued final guidance on direct/elective pay of clean energy credits under the Inflation Reduction Act (IRA). At the same time, Treasury issued a proposed rule on certain joint ownership arrangements under elective pay, with a Tribal consultation held on April 5. On April 25, 2024, Treasury and the IRS issued final guidance on transfers of certain credits under the IRA. Following their final regulations, the IRS also updated their frequently asked questions regarding direct/elective pay.
To provide an update on what these changes mean for tribal governments interested in taking advantage of direct/elective pay, NAFOA is partnering with the Treasury for a webinar on Tuesday, May 21st at 2:30 p.m. ET.

Staff from the Treasury will discuss these final regulations, how entities can take advantage of transferability, and answer questions that tribal leaders may have.



NAFOA Announces Former Yurok Tribal Leader Susan Masten As Interim Executive Director

NAFOA, founded as the Native American Finance Officers Association, names former Yurok Tribal Leader Susan Masten as its interim executive director effective today, June 1, 2023. She was appointed to the position by the NAFOA Board of Directors. As interim executive director, Masten will be responsible for managing the day-to-day operations of the organization, as well as leading its strategic direction.

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