Council of the Cherokee Nation - File #: 07-028

• File #: 07-028
• Version: 1
• Name: N/A
• Type: Resolution
• Status: Passed
• File created: 2/2/2007
• In control: EMPLOYMENT COMMITTEE
• On agenda: 2/13/2007
• Final action: 3/19/2007
• Enactment date: 3/12/2007
• Enactment #: R-28-07
• Title: A RESOLUTION AUTHORIZING COMMERCE STAFF TO DEVELOP AND SUBMIT A LOAN APPLICATION TO USDA TO REPLINISH LOAN FUNDS AVAILABLE FOR SMALL BUSINESSES
• Sponsors: Audra Smoke-Conner
• Indexes: Commerce, Loan Application, USDA
• Code sections: N/A - Not Applicable

Date	Ver.	Action By	Action	Result
3/19/2007	1	OFFICE OF THE CHIEF	Signed
3/12/2007	1	TRIBAL COUNCIL	Approved	Pass
2/13/2007	1	EMPLOYMENT COMMITTEE	Approved and Forwarded to Council	Pass

Title

A RESOLUTION AUTHORIZING COMMERCE STAFF TO DEVELOP AND SUBMIT A LOAN APPLICATION TO USDA TO REPLINISH LOAN FUNDS AVAILABLE FOR SMALL BUSINESSES

Body

Whereas, the Cherokee Nation since time immemorial has exercised its sovereign rights of self-government on behalf of the Cherokee people;

Whereas, the Cherokee Nation is a federally recognized Indian Nation with a historic and continual government-to-government with the United States of America;

Whereas, the Cherokee Nation Small Business Assistance Center requests authorization to apply for $750,000 loan from the United States Department of Agriculture's to replenish loans funds for small business loans.

      BE IT RESOLVED BY THE CHEROKEE NATION, the Tribal Council agrees to a $517,700 cash match for the submission of an application on behalf of the Cherokee Nation to USDA's Intermediary Relending Program and authorizes the Principal Chief, and/or his designee, be authorized to sign documents securing the loan.