The National Congress of American Indians is urging the Treasury Department to revoke the burdensome “essential governmental function” test for tribal tax-exempt financings, as well as allow tribes to take advantage of private-activity bonds and use federal guarantees.

The group made the plea in a 15-page letter last month that responded to Treasury’s July request for public comment on the $2 billion tribal economic development bond program created by the American Recovery and Reinvestment Act.

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