Committee: Rules Author: C. Catcher
Date: 11-07-05 Committee Date: 10-27-05 Sponsor: Frailey/Cowan/Anglen
An Act
Legislative Act
37-05AN ACT RELATING TO
CREATION OF JOBS GROWTH
BE IT ENACTED BY THE CHEROKEE NATION:
Section 1. Title and Codification
This act shall be known as the "Jobs Growth Act of 2005" and codified as
(Title) (Section) of the Cherokee Nation Code Annotated (CNCA).
Section 2. Purpose
This Act is to implement a more effective business structure and efficient process for:
A. Maintaining and improving supervision and control over the Nation's business operations;
B. Improving accountability and consolidated financial reporting to the Nation by the entities conducting business operations;
C. Streamlining the business infrastructure and decision-making processes;
D. Preserving and enhancing profits and cash flow available for redistribution and investment according to the Nation's priorities;
E. Providing strategic planning, support for direction setting and coordination of business activities between the Nation and the businesses it owns, as well as among the business entities themselves;
F. Serving as the primary point for guiding overall implementation of economic development and business development strategy for the Nation;
G. Enhancing leveraging of resources and debt, and providing a disciplined process for funding expansion and diversification of the Nation's business interests;
H. Providing a more transparent view of allocation of resources for business development;
I. Increasing accountability to the Cherokee Nation, the shareholder of the business entities.
This Act constitutes a thoughtful, deliberate investment for the future of Cherokee Citizens by providing for sustainable jobs, and making future business investment in a comprehensive manner to economic development, health, community services, education, language and culture and infrastructure. In so doing, the Nation advances its long-term vision of...
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