Can a Tribe use TTP funds to leverage other funds or to pay back loans?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) A Tribe can use TTP funds to leverage other funds.
(b) A Tribe can use TTP funds to pay back loans or other finance instruments (including those provided through an agreement with another Tribe) that were used for a project that:
(1) The Tribe paid for in advance of the current year using non-TTP funds;
(2) Was included in FHWA-approved TTPTIP; and
(3) Was included in the NTTFI at the time of construction.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.