Tribes soon to be debt free
NEW TOWN The chairman of the Three Affiliated Tribes says the tribes will be free of debt as of this month.
When Tex Hall took office in November 2010, the Mandan, Hidatsa and Arikara Nation was $125 million in debt, he said.
Hall said the debt is being paid off with royalties mainly from oil and gas development on the Fort Berthold Reservation and other revenues.
The reservation is a major area for the production of oil and gas in North Dakota.