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| Volume XXIII Number 12 | September 6, 2002 |
Board Approves Charter Amendment Resolution
By Elrod Bowers
HOLLYWOOD — The Board of Directors, at the Aug. 15 meeting, approved
a resolution which seeks the ratification, amendment and modification of Article
VI- Section 3(b), Section 4, Section 5, Section 6, Section 7, Section 10; Article
VII and Article X of the Board Corporate Charter.
The amendments, and the amendment process, were explained to Tribal citizens by Tribal and BIA officials in series of community meetings on the Hollywood, Big Cypress and Brighton reservations.
“What we have here is the result of those meetings,” said Jim Edenso, Board of Directors Executive Administrator.
Edenso felt that, in the Bureau of Indian Affairs, there was “good solid
support for the changes and actions taken by the Board of Directors.”
The resolution now will go the Bureau of Indian Affairs, who will conduct the
tribe-wide election.
“The bottom line is that the voting membership will have final say on the proposed amendments,” said Brighton Board Representative Alex Johns.
The Board also:
*Announced policy changes for the short term loan program.
According to Robert Maza, the changes will include:
Loan applicants who have advanced to the $3,000 level, and have a good credit history, will no longer need a co-signer for loans.
Loans will now start at $600. In the past, in order to establish a credit history, loans started at $300. Maza felt that $600 was a better starting point.
Once loan applicants get to $1500 credit level, the next level will be $3,000. In the past, the levels went up in increments of $500 ($1500, $2000, $2500, $3000). Now, loan applicants who are at the $1500 level will proceed directly to the $3000 level.
In the matter of accounts that were delinquent 90 days or more, once the loan has been paid off, and contact made with the Credit & Finance Department regarding the reasons for the late payment, the 60 day waiting period may be waived.
“If the reasons for the late payment were temporary, we see no reason to make them wait,” said Maza.
*Made policy changes to the Agribusiness Program.
Agribusiness loans have been raised from $5,000 to $10,000.
Although the credit limit was raised to help cattle owners, “You don’t have be a cattle owner, just in the field of agriculture,” said President Mitchell Cypress.
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