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File #: 11-017    Version: 1 Name: N/A
Type: Resolution Status: Reported from Committee
File created: 2/8/2011 In control: TRIBAL COUNCIL
On agenda: 2/14/2011 Final action: 2/14/2011
Enactment date: 2/14/2011 Enactment #: R-08-11
Title: A RESOLUTION AUTHORIZING THE TREASURER OF THE CHEROKEE NATION TO IMPLEMENT AN INTERNAL BORROWING RESOLUTION OF UP TO $150,000 TO THE CHEROKEE NATION HOME HEALTH SERVICES
Sponsors: Meredith Frailey, S. Joe Crittenden, David Thornton, Sr.
Indexes: Cherokee Nation Home Health, Loans
Code sections: N/A - Not Applicable
Attachments: 1. R-08-11.pdf
Title
A RESOLUTION AUTHORIZING THE TREASURER OF THE CHEROKEE NATION TO IMPLEMENT AN INTERNAL BORROWING RESOLUTION OF UP TO $150,000 TO THE CHEROKEE NATION HOME HEALTH SERVICES
Body
WHEREAS, the Cherokee Nation since time immemorial has exercised the sovereign rights of self-government in behalf of the Cherokee people;
 
WHEREAS, the Cherokee Nation is a federally recognized Indian Nation with a historic and continual government to government relationship with the United States of America;
 
WHEREAS, the Cherokee Nation Tribal Council desires to maintain the financial viability of Cherokee Nation Home Health Services.  
 
WHEREAS, the Cherokee Nation Tribal Council authorizes the Treasurer of the Cherokee Nation to provide up to $150,000 in emergency funding in the form of an internal loan to Cherokee Nation Home Health Services.
 
BE IT RESOLVED BY THE CHEROKEE NATION, that the Tribal Council hereby grants authorization to the Treasurer of the Cherokee Nation to provide $150,000 in emergency funding in the form of an internal loan to maintain the financial viability of Cherokee Nation Home Health Services, Inc.  The internal loan shall be repaid to Cherokee Nation upon execution of an external working capital line of credit with BancFirst.