Crow Coal History: Draft 12/24

1982 Solvency

At the start of the 1980s, the federal government issued a report that declared the tribe was in an "unstable, adverse financial condition as of September 30, 1981 because of ineffective financial management or financial mismanagement." According the BIA and other federal agencies, the tribe had not implemented financial control systems and methods and had over $48 million in debts. As a result and with some cooperation from the tribe, the federal government and the BIA placed the tribe under federal financial management for the next several years. 

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