🌾HEARTH Act Approval Boosts Squaxin Island Tribe's Leasing Authority
HEARTH Act Approval of Squaxin Island Tribe of the Squaxin Island Reservation, Amended Leasing Ordinance
Summary
The Assistant Secretary--Indian Affairs approved the Squaxin Island Tribe of the Squaxin Island Reservation, Amended Leasing Ordinance under the Helping Expedite and Advance Responsible Tribal Homeownership Act of 2012 (HEARTH Act). With this approval, the Tribe is authorized to enter into agriculture, business, residential, wind and solar, wind energy evaluation, public, religious, educational, cultural, and recreational leases without further Secretary of the Interior approval.
Agencies
- Interior Department
- Indian Affairs Bureau
Business Impact
$$$ - High
The approval allows the Squaxin Island Tribe to enter into multiple lease types without further Secretary of the Interior approval, facilitating business opportunities. This reduces regulatory hurdles and may attract investments. Additionally, federal preemption of state taxation on leases encourages economic development and self-determination within Tribal lands.