Official Resolution · March 25, 2026

Tribal Council TED Bonds
Authorization Resolution

Sovereign Tribal Nations Economic Development Program

Resolution Ref: STN-TEDB/DEV 001.1 OMB-2700-0042 GSA CNTRL NO. 9GR1CA0966 26 U.S.C § 7871(f)
Official Resolution Document
TED-Bond-Issuance-Authorization.pdf
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Official Resolution Document

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Overview

The Mendocino Tribal Council has unanimously authorized the issuance of Tribal Economic Development Bonds (TED Bonds) under 26 U.S.C § 7871(f) for the construction, development, and operation of an advanced Tribal Medical City on Mendocino Indian Reservation lands.

The Mendocino Reserve, established in 1856, is a federally recognized Indian tribal government. Section 7871(f) of the Internal Revenue Code expressly authorizes the Tribe to issue TED Bonds for qualified economic development projects to enhance and elevate Tribal Nations.

Resolution Details

  • Date IssuedMarch 25, 2026
  • ReferenceSTN-TEDB/DEV 001.1
  • Section1/6
  • StatusAdopted
  • Authority26 U.S.C § 7871(f)
  • EIN36-5129018

Bond Authorization

  • Phase 1 & 2 (Series 2026-1)Up to $7.5 Billion
  • Subsequent Series (2026 2–12)Up to $4 Billion each
  • Master Trust IndentureSeries 2026-1
  • Tax StatusSovereign Immunity Waiver

Resolution Provisions

1

Bond Issuance Authorization

The Tribal Council hereby authorizes the issuance of TED Bonds under U.S.C 7871 for an initial aggregate amount not exceeding $7.5 Billion for Phase 1 & 2 (Series 2026-1 Master Trust Indenture), and subsequent series 2026 2–12 covering Phase 2, not exceeding the IRS limit of $4 Billion per series.

2

Use of Bond Proceeds — Tribal Medical City

TED Bond proceeds shall finance essential infrastructure, clinics, hospitals, pharmaceutical manufacturing, and a medical college on tribal lands, covering:

Economically self-sustenance
Critical infrastructure and logistics
Regional medical hub
Biotech and pharmaceutical manufacturing
Workforce development engine
Sovereign health system for tribal & surrounding communities
3

Board of Governance Authorization

The Council authorized the Board of Governance to execute all documents necessary to complete the TED Bond issuance and financing procedures.

4

Tax Waiver & Sovereign Immunity

The Tribe is expressly granted a tax waiver sovereign immunity under 26 U.S.C § 7871(f), solely for enforcement of the Trust Indenture and related agreements for economic developments.

Legal Authority

This resolution is issued pursuant to the United States Congress Act 26 U.S.C § 7871, which grants federally recognized Indian tribal governments the authority to issue tax-exempt bonds for qualified tribal economic development projects.

The Mendocino Indian Reservation, established 1856, holds federally recognized status and qualifies as a tribal government entity under IRS and Congressional acts, including the Indian Tribal Government Tax Status Act and subsequent amendments.

Download the Official Document

Access the full signed resolution issued by the Tribal Council on March 25, 2026.

Download TED Bond Authorization PDF

Circulated by: Secretary, Board of Governance · Mendocino Indian Reservation Est. 1856