Notice 2009-51 solicited applications for and provided guidance on the allocations of the $2 billion national bond volume limitation authority (“volume cap”) to issue Tribal Economic Development Bonds under § 7871(f) of the Internal Revenue Code. Section 7 of the Notice provides that the volume cap is to be allocated in at least two tranches, the first of which would not exceed $1 billion in total with a $30 million limitation per Indian tribal government.

The Service received 58 applications requesting a total of $1,329,487,364.88 in volume cap available under the first tranche. Pursuant to the Notice, the Service allocated pro rata amounts of volume cap to the projects described in the applications such that the total amount allocated under the first tranche did not exceed $1 billion.

For those applicants who elected to consent to public disclosure, the Service released an Allocation Schedule showing the name of the Indian tribal government, the type and location of the project described in the application, and the amount of the awarded allocation.

View Allocation Schedule