Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Senate Approvies Funding for Tribal Loan Program


WASHINGTON— On Thursday, U.S. Sen. Al Franken (D-Minn.) said that—for the first time ever—the Senate has approved funding that he has long championed for a key tribal loan program. The funds, $9 million for 2017, would help create jobs, ensure access to reliable energy on tribal lands, and enable new energy infrastructure investments.

The funds, which now await consideration in the House of Representatives, are expected to leverage about $50 to $85 million for energy projects in Indian Country and were passed as part of the Senate’s annual appropriations bill to fund the nation’s energy and water development.


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