CLASSIFICATION: #17, ECONOMIC DEVELOPMENT

NCA 16-080

CLASSIFICATION: #17, ECONOMIC DEVELOPMENT

A LAW OF THE MUSCOGEE (CREEK) NATION CREATING A NEW CHAPTER NINE

UNDER MCNCA TITLE 17, ENTITLED “MVSKOKE LOAN FUND BOARD”

Be it enacted by the National Council of the Muscogee (Creek) Nation:

SECTION ONE. FINDINGS. The National Council finds that:

A. Fostering economic development is a priority for the Nation and

entrepreneurial opportunities should be encouraged to benefit the citizens of the Nation.

B. A Community Development and Financial Institution (‘CDFI") program is

an avenue for economic development, growth and sustainability to promote

opportunities to members of the Muscogee (Creek) Nation by financing community

businesses, promoting financial literacy, offering technical support and generally

increasing access to credit, capital, and financial services.

C. By establishing the Mvskoke Loan Fund to administer said goals as a

CDFI, the Nation can further support economic development.

D. To be eligible to receive funding from certain sources, an oversight board

must be established to provide independent guidance and decisions regarding Mvskoke

Loan Fund activities.

E. The Nation's laws regarding economic development are codified in Title

17 of the Muscogee (Creek) Nation Code.

SECTION TWO. NEW LAW, The following new law shall be codified in Title 17 of

the Code of Laws of the Muscogee (Creek) Nation; provided that for purposes of

codification of said new law and its inclusion in pocket parts for the Code of Laws of the

Muscogee (Creek) Nation, the Office of the Attorney General is hereby authorized: (1)

to approve any changes related to the manner in which sections, articles, chapters and

sub-chapters are designated in this law in order to be consistent with the format in the

Code of Laws published in 2010 by West Publishing Company; (2) to include footnoted

references to the legislative history in said pocket parts to the Code of Laws; and (3) to

note in said pocket parts any editorial correction of minor clerical or grammatical errors

in the following new law:

TITLE 17. ECONOMIC DEVELOPMENT

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NCA 16-080

CHAPTER 9. MVSKOKE LOAN FUND BOARD

§ 8-101. Establishment and Policy of Board

The Mvskoke Loan Fund Board is hereby established and is authorized to oversee and

manage the Community Development and Financial Institution (“CDFI") program of the

Nation to further the Nation's goals of economic development, growth, sustainability,

access to capital, credit, and financial services and financial literacy.

§ 9-102. Board Composition

A. Membership and appointment. The Mvskoke Loan Fund Board shall

consist of five (5) members, two (2) of whom shall be nominated by the Principal Chief

and confirmed by the National Council by Tribal Resolution and three (3) nominated and

confirmed by the National Council by a Tribal Resolution.

1. Professional Qualifications. The Mvskoke Loan Fund Board

members shail possess five years of work experience and one of

the following professional and/or entrepreneurial qualifications:

a. Bachelor's Degree in Business, Finance, and/or Economics,

or a Bachelor's Degree with an emphasis in Business,

Finance, and/or Economics;

Certified Public Accountant Certification:

Juris Doctorate;

Post-Graduate Degree with commensurate executive

administrative experience; or

e. Five years of additional executive administrative financial or

banking industry business experience.

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2. Restrictions. Any conviction of a crime involving financial

malfeasance, finding of liability in a civil matter involving financial

malfeasance, or finding of responsibility in a Muscogee (Creek)

Nation intemal investigation regarding financial malfeasance shall

disqualify any person from eligibility to serve as an Mvskoke Loan

Fund Board member. Under no circumstances, to avoid conflicts of

interests, may any Board member also be a member of any other

Board of the Nation including boards of Chartered Communities.

B. Term. All such appointments shall be for a period of three (3) years to

commence on the date the appointed member is confirmed by Tribal Resolution, at the

expiration of which the office shall be vacant without holdover.

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C. Ex-Officio Members. There shall be two Ex-Officio Members on the

Mvskoke Loan Fund Board. One Ex-Officio Member shall be also a member of the

Business, Finance, and Justice Committee of the National Council and selected by said

committee. The other Ex-Officio Member shall be the Secretary of the Nation. Ex-

Officio Members shall have no voting rights, nor shall either be counted for the purpose

of establishing a quorum. The Ex-Officio Members shall act only as liaisons between

the Mvskoke Loan Fund Board and the National Council and Executive Branch,

respectively.

D. Vacancies. in the event that a position of a Board member nominated by

the Principal Chief becomes vacant, the Principal Chief shall make a new nomination,

which shall be confirmed by the National Council by Tribal Resolution. In the event that

@ position of a board member nominated by the National Council becomes vacant, the

Nationa! Council shall nominate and confirm a new appointment by Tribal Resotution.

E. Stipends/Mileage. Mvskoke Loan Fund Board Members, except the Ex-

Officio Members, shall receive a stipend of $200.00 for attendance at each duly called

and regularly scheduled meeting of the Board. In the event an emergency meeting or

other non-regularly scheduled meeting is necessary to address irregular business, each

Board member, excepting the Ex-Officio Members, shall be eligible to receive an

additional stipend amount of $100.00. In any instance, regardless of the amount of

meetings held per month, no board member will be eligible to receive greater than

$400.00 per month for meeting attendance. In addition to a stipend, Board Members,

except Ex-Officlo Members, shall receive mileage reimbursement for attendance at

meetings and/or conferences relevant to the operation of a CDF, provided the

attendance is in furtherance of a valid function of the Board. All mileage reimbursement

shall be at the Nation's current rate in accordance with the Nation’s travel policies and

procedure.

F. Travel. All travel beyond regularly scheduled, special or emergency

meetings, such as travel for conference attendance, shall be limited to the contiguous

lower states within the US. Under no circumstances will travel to international

destinations or noncontiguous states or territories of the United States be approved or

reimbursed.

§ 9-103. General and specific authority, powers, and responsibilities of the

Board and limitations thereon.

The Board shall exercise all powers and responsibilities consistent with the best

interests of the Nation, in accordance with federal law applicable to the establishment

and operation of a community development financial institution and within the limits of

responsible business judgment. Subject to the foregoing, the provisions of Section | of

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this law and other applicable law, the Board shall have the authority to exercise the

following powers and duties:

A. Establish general policies for the organization, management and operation

of the CDFI consistent with the requirements of the Community Development Financial

institutions Program of the United States (12 U.S.C. 4703; 12 C.F.R. Part 1805).

B. Oversee the operation of the CDFI and exercise the powers set forth

below without previous authorization or subsequent approval (except as otherwise

provided).

C. Establish and maintain effective operating and fiscal policies for the CDFI,

including loan policies.

D. Approve a strategic plan, annual operating plans, and annual

organizational charts.

E, Supervise and direct the Chief Executive Officer of the CDF |, based on the

description of duties for the position formally adopted and make personnel

recommendations to the Secretary of the Nation and the Principal Chief,

F. Utilize, improve, maintain, operate and manage, in the ordinary course of

the business, all interests in real property held by the CDFI. Provided, however, that

any acquisition of real property or the encumbrance of that real property, including

leasehold interests, shall be subject to the prior approval of the National Council.

Subject to applicable law, and with approval of relevant policies by the National Council,

the CDF! may encumber and foreclose on real property of its borrowers.

G. Acquire, hold, own, manage, operate, exchange, deal in and dispose of all

CDF personal property in the ordinary course of business.

H. Pledge or grant security interests in the CDFI's personal property, cash,

accounts receivable and other assets of the CDFI as collateral for any contractual

obligation so long as the sovereign immunity of the Nation is not impacted.

I. Acquire, hold, own, use, license, and lease, any interest in and to

inventions, improvements, patents, licenses, formulas, privileges, processes,

copyrights, trade names, trademarks and all applications therefor, provided that all such

acquisitions shall be taken in the name of the Nation.

J. Enter into, make, perform and carry out or cancel and rescind, contracts

for any lawful purpose pertaining to the CDFI’s business; provided, however that no

contract or other transaction between the CDFI and any of the Directors, officers or

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NCA 16-080

employees of the CDFI or an elected officer or employee of the Nation or any District, or

between the CDFI and any corporation, partnership, firm or other legal entity in which

one or more of the foregoing persons has a financial interest, directly or indirectly, shall

be valid for any purpose, unless the entire interest of such persons is fully disclosed to

the Board and the proposed contract or transaction is approved, ratified or confirmed by

the affirmative vote of a majority of the entire Board who have no interest in the

transaction.

K. Apply for and receive grants in support of the purposes of the CDFI in

coordination with any grant writing programs or departments of the Nation.

L. Borrow funds, subject to the express limitations that the CDFI shall not

incur obligations in excess of its ability to pay. The Nation shail not be liable for the

debts or obligations of the CDFI.

M. Designate and approve all depositories used for the deposit of funds of the

CDFI.

N. Elect officers, appoint agents, and select independent auditors,

independent legal counsel, management companies and other advisors and consultants

as may be needed from time to time by the CDFI, and define their duties and fix their

compensation.

O. Confer with the Department of Commerce of the Muscogee (Creek) Nation

from time to time for the purposes of coordination and consistency of practices.

P. Approve annual CDF! budgets and operating plans prior to the

commencement of each fiscal year.

Q. Recommend amendment or revision of this law to the National Council

whenever deemed appropriate to improve the operation and management of the CDFI.

R. Loan Policy Notice and Comment. Prior to promulgating a final loan policy,

the CDFI shall publish the policy in proposed form. The proposed loan policy shall be

provided directly to the Secretary of the Nation, all members of the National Council, the

Office of the Attorney General and, upon written request, fo any other interested person

or interested office or agency of the Nation. The proposed loan policy shall be

accompanied by a notice stating that the CDFI will accept written comments for a period

of sixty (60) days following the date of publication. As provided in this section, "publish"

shall mean publication in a newspaper of general circulation within the Nation and

posting in each of the Nation's District offices. In the event of significant public interest

with respect to a loan policy, the CDF may hotd one or more public hearings prior to

finalizing a loan policy. Notice of a public hearing shall be given as set forth above, and

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in addition shall be mailed directly to any person submitting comments on the proposed

loan policy and providing a mailing address. The CDF! shall review all comments

received by the close of the comment period including all comments received during

public hearings, prior to finalizing the loan policy.

§ 9-104. Removal of Board Members

A. The members of the Mvskoke Loan Fund Board shall not be subject to

removal from office at the will and pleasure of the Principal Chief or National Council,

but may be removed from the Board only for any one or more of the following causes

set forth in a written petition and proved by a preponderance of the evidence in the

hearing provided for in paragraph C of this subsection:

dishonesty, gross misconduct or incompetence in office:

willful neglect of duty as evidenced by excessive absences from

duly convened meetings of the Board.

conviction of a felony under federal, state, or Tribal law:

committing any act or engaging in any activity which would

constitute a criminal offense involving dishonesty or moral turpitude

under federal, Tribal or state law;

5. directly or indirectly engaging in any activities or transactions

constituting a conflict of interest under the laws of the Muscogee

(Creek) Nation or any other applicable laws, rules, or regulations; or

6. being employed by the Muscogee (Creek) Nation or by any other

board or authority of the Muscogee (Creek) Nation or by the Creek

Nation Foundation, Inc.

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B. A petition for removal hereunder may be filed by the Principal Chief or any

Committee of the National Council with Jurisdiction over the Board's affairs upon a

majority vote for removal by such Committee.

Cc. Any Board member accused of any of the foregoing causes shall be given

a copy of the petition charging him or her and afforded the right to respond to the

charges and present witnesses and other evidence in his or her defense at a hearing

convened by the National Council. The petition shall state the cause or causes for

removal with sufficient particularity to put the accused Board Member on notice of the

nature of the charges against him or her. Both the petitioner and the Board Member so

accused shall have the right to be represented by an attorney at the hearing, provided

the Board Member shail be responsible for paying his or her own attorney fees and

other expenses in defending the petition. The petitioner shall be represented by the

Attorney General or, upon the request of the petitioner, a special prosecutor appointed

by the Attorney General. The National Council shall preside over the removal hearing

and receive the evidence. Removal of the accused Board Member shall require a

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majority vote of the National Council. The decision of the National Council shall be final.

§ 9-105. Meetings of the Board; Open Meeting Requirements

A. Regular meetings of the Mvskoke Loan Fund Board shall occur monthly at

a designated place within the jurisdiction of the Muscogee (Creek) Nation. The date and

time of such regular meetings shalt be set by the Chairman, provided that proper notice

ls given according to the provisions herein. The Board shall adopt procedures not

inconsistent with this subsection governing its meetings, which shall, address, among

other matters, the election of a Chairman and a Vice-Chairman of the Board.

B. The Chairman (or in his or her absence, the Vice-Chairman) shalt give

notice of the time and place of any regular monthly meeting of the Mvskoke Loan Fund

Board in writing to each Board Member including Ex-Officio Members, the Attomey

General, the Principal Chief, and the Speaker of the National Council, at least five (5)

days before such meeting. Service of said notice may be effected by first class U.S.

mail, facsimile or hand-dellvery, and shall be effective on the date of delivery to the

Official entitled to such notice or to the office of said official's regular place of business in

the case of hand-delivery or facsimile transmission; or, in the case of notice sent by

U.S. mail, two (2) days after the notice, in a properly addressed envelope with sufficient

postage thereon, is deposited in the U.S. mail. The date of the postmark on such

envelope shail be conclusive evidence of its date of deposit in the U.S. mail. In

addition, such notice of the regular monthly meeting shall be posted at the Tribal

Complex in Okmulgee, Oklahoma, at least three (3) days before such regular meeting.

C. Special meetings of the Mvskoke Loan Fund Board may be held when

circumstances require such a meeting. Special meetings may be called by the

and served to each Board Member, the Principal Chief, and the Speaker of the National

Council, and at least forty-eight (48) hours before such meeting. Service of such

notices shall be hand-delivery or facsimile and shall be effective upon the date of

delivery to the official entitled to such notice or to the office of said official's meeting

shall be posted at the Tribal Comptex in Okmulgee, Oklahoma at least forty-eight (48)

hours before such special meeting.

D, Emergency meetings may only be held in the most extraordinary

circumstances. Emergency meetings may be called by giving telephone or facsimile

notice to each member of the Board, the Principal Chief, and the Speaker of the

National Council, provided that no action in an emergency meeting shall have any valid

or binding effect unless ratified at the next regular or special meeting of the Mvskoke

Loan Fund Board.

E. All meetings of the Mvskoke Loan Fund Board shall require a majority of

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the Board members to be present to constitute a quorum and conduct business.

F. All meetings of the Mvskoke Loan Fund Board shall be public meetings

and therefore open to the public, except for executive sessions. The Board may

exclude any person from an executive session except the Principal Chief, Second Chief,

Speaker, Second Speaker, any Nationa! Council Representative, and a representative

from the Attorney General's Office. The Board may go into executive session only (1) to

discuss confidential financial and personal information regarding an applicant to the

Fund, (2) to discuss personnel issues and matters of confidentiality that relate to one or

more specific employees, or (3) to meet and consult with the counsel on confidential

legal matters. All other matters shall be discussed audibly to all persons in the room in

open session. Executive sessions may only be held after they have been posted as an

Item on the agenda for the meeting in which the executive session is held. The general

subject of the executive session must be described in the posted agenda, and no action

by the Board may occur in executive session. It shall be unlawful for any person present

in a meeting held in executive session to make public, or otherwise disclose or describe

to any person not so present, any discussion or statements made during such executive

session. Violation of any of the open meetings requirements of this subsection shall

constitute a criminal offense punishable by up to six (6) months imprisonment and/or a

Five Hundred and No/100 Dollars ($500.00) fine. Persons who violate this subsection

shall be subject to expulsion and banishment from the Nation's territory.

G. Notice of meetings of the Mvskoke Loan Fund Board, either regular or

Special, shall contain an agenda which describes each item of business to be

H. Minutes of all meeting of the Mvskoke Loan Fund Board, other than

meetings or portions thereof held in executive session, shall be kept by a recording

secretary.

I. Any action taken by the Board during a meeting convened or held In

violation of this subsection shall be null and void.

§ 9-106. Reporting Requirement of the Board

The Mvskoke Loan Fund Board shall make written quarterly reports to the Principal

Chief, Second Chief and the National Council on the affairs of the Board and those

matters they are responsible for. The Board shall deliver special reports to the Principal

Chief, Second Chief and the National Council upon the request of either.

ENACTED by the Muscogee (Creek) National Council on this 21" day of May, 2018.

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IN WITNESS WHEREOF, the Speaker of the Muscogee (Creek) National Council has

hereto attached his signature.

cian Tiger [l, SoSaker

National Counci

Muscogee (Creek) Nation

CERTIFICATION

|, the undersigned, certify that the foregoing is a true extract from the minutes of the

Muscogee (Creek) National Council comprised of Sixteen members with Sixteen

members attending this meeting on the 21" day of May, 2016 and that the above is in

conformity with the provisions therein adopted by a vote of 16 in favor, 0 against, and

that said Law has not been rescinded or amended In any way and the above is the

signature of the Speaker of the National Council.

cd

Kristie A. Sewell, Recording Secretary

Muscogee (Creek) National Council

APPRO

I, the Principal Chief of the Muscogee (Creek) Nation, hereby affix my signature on this

48? day of Gume , 2016 to the above Law, NCA 16-080 authorizing it to

become a Law under Article VI., Section VI., of the Constitution of the Muscogee

(Creek) Nation.