FOR IMMEDIATE RELEASE

Agency Tribal Nations Issues PN-480: Tribal Economic Development (TED) Bond Issuance Authorization
Up to $7.5 Billion Authorized for Phase 1 & 2 of the Mendocino Tribal Medical City Under 26 U.S.C. § 7871(f)

April 7, 2026

Mendocino Indian Reservation • Sovereign Tribal Territory

Public Notice #: PN-480

Resolution: STN-TEDB/DEV 001.1

Authority: 26 U.S.C. § 7871(f) • OMB-2700-0042

AGENCY TRIBAL NATIONS today issued Public Notice PN-480, formally publishing the Tribal Economic Development (TED) Bond Issuance Authorization Resolution unanimously adopted by the Mendocino Tribal Council on March 25, 2026. The resolution authorizes the issuance of TED Bonds under 26 U.S.C. § 7871(f) to finance the construction, development, and operation of the Mendocino Tribal Medical City on Mendocino Indian Reservation lands.

Bond Authorization at a Glance

Phase 1 & 2 — Series 2026-1 Master Trust Indenture: Up to $7.5 Billion in initial aggregate authorization.
Subsequent Series 2026 2–12: Up to $4 Billion per series, consistent with the IRS volume cap framework for TED Bonds.
Issuing Authority: Mendocino Tribal Council, executed through the Board of Governance.
Tax Status: Tax-exempt under 26 U.S.C. § 7871, with limited sovereign immunity waiver solely for enforcement of the Trust Indenture.
EIN: 36-5129018 • GSA CNTRL NO.: 9GR1CA0966

What Public Notice PN-480 Does

PN-480 publishes and gives public legal effect to the TED Bond Issuance Authorization Resolution (Ref: STN-TEDB/DEV 001.1) as the foundational financing instrument of Agency Tribal Nations' economic development program. It places federal agencies, financial institutions, underwriters, trustees, and the public on notice that the Tribe has invoked its statutory authority under 26 U.S.C. § 7871(f) to finance qualified tribal economic development projects through tax-exempt bond issuance.

Use of Proceeds — Mendocino Tribal Medical City

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

Critical infrastructure and logistics for the Mendocino Indian Reservation
A regional medical hub serving tribal and surrounding communities
Biotech and pharmaceutical manufacturing capacity
A medical college and workforce development engine
A sovereign health system advancing tribal self-sufficiency
Long-term economic self-sustenance for Agency Tribal Nations

Statutory and Constitutional Authority

26 U.S.C. § 7871 — grants federally recognized Indian tribal governments authority to issue tax-exempt bonds for qualified tribal economic development projects.
26 U.S.C. § 7871(f) — the Tribal Economic Development Bond provision, expressly authorizing TED Bond issuance.
Indian Tribal Government Tax Status Act — and subsequent amendments confirming the Mendocino Indian Reservation's standing as a tribal government entity.
Mendocino California Agency Tribal Nations Constitution — economic sovereignty articles authorizing the Council and Board of Governance to act.
1856 Treaty Establishment — the Mendocino Reserve, established 1856, is a federally recognized Indian tribal government qualifying for § 7871(f) treatment.

Why Now

The TED Bond Issuance Authorization is the financing engine behind Agency Tribal Nations' long-term economic development strategy. Coupled with PN-470 (Cannabis Licensing 2026 — Schedule III Framework) and PN-460 (Board of Governance), PN-480 completes the financial-and-regulatory triad enabling Agency Tribal Nations to build sovereign infrastructure at scale. By formally publishing the resolution as a public notice, ATN puts capital markets, federal partners, and counterparties on clear notice that the issuing authority, project pipeline, and statutory basis are now in force.

Effective Date and Status

The underlying Resolution (STN-TEDB/DEV 001.1) was adopted March 25, 2026 and is in Adopted status. Public Notice PN-480 publishes the Resolution and is effective April 7, 2026. The Board of Governance is authorized to execute all documents necessary to complete the TED Bond issuance, financing, and trust indenture procedures.

Submit a Public Comment on PN-480

This Public Notice is open for public comment for thirty (30) days from the date of publication. The Tribal membership, the public, federal, state, county, and municipal actors, and any other interested party may submit a comment, objection, or response on this project, law, or initiative during the disclosure period.

Comment Period: April 7, 2026 — May 7, 2026

Comment via Email

Comments are sent to chief@altearth.org — Office of the Head Chief, Agency Tribal Nations

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