Q: What does a limited waiver of sovereign immunity mean to the Tribe?
Public Meeting December 16, 2015no discussion
For purposes of entering into contracts with other sophisticated parties, it allows disputes to be settled in federal court rather than just Hualapai Tribal Court. Understandably, counter-parties with millions of dollars at stake via contracts with the tribe and the HTUA prefer an impartial judge in the event a dispute rises to the level of […]
Q: What happens if the power line project “goes bust”? And, can the bank/lending agency seize the land on which the improvements are placed?
Feb 11, 2016no discussion
The short answer is “no.” The lending agency will be the Rural Utility Service, which is a division of the US Department of Agriculture (USDA) administering the rural development loan program. The loan will be secured by the infrastructure improvements – not the land on which it sits – and pursuant to a loan contract […]