Faculty Focus is a monthly publication documenting the
activities, accomplishments, and honors of the
March 2009
Aaron Bruhl’s article, “The
Supreme Court’s Controversial GVR’s – And an Alternative,” was published in the
Michigan Law Review and is available at:
Marcilynn
Burke
has been invited to contribute a chapter in The Public Nature of Public
Property, edited by Robin Paul Malloy of Syracuse University College of Law and
Michael Diamond of
Gavin
Clarkson’s research
on tribal access to the capital markets has led to $2 billion of expanded
tribal tax-exempt bonding authority being included in the American Recovery and
Reinvestment Act of 2009. His 2007 article, “Tribal Bonds: Statutory Shackles
and Regulatory Restraints on Tribal Economic Development” (85 N.C.L. Rev.
1009), was incorporated into the legislative history by the chair of the Senate
Finance Committee. Dr. Clarkson was recently honored by the Native American
Finance Officers Association (NAFOA) for his work with the Kickapoo Traditional
Tribe of Texas (KTTT). Prior to this year, the tribe had been guaranteeing
approximately $1.1 million in bank loans for tribal members. The bank charged
tribal members an interest rate of as much as 16.5% and the tribe deducted the
payments from tribal member’s payroll checks. At the same time, the tribe has a
comparable amount in CDs on deposit with the same bank, earning substantially
less. Dr. Clarkson helped the tribe establish a new tribally owned community
development financial institution (CDFI) in 2008 as part of their economic
development efforts. He then helped the tribe capitalize the new CDFI entity
with $1.5 million in cash, thereby enabling the tribe to take control of the
tribal member loan portfolio and significantly reduce the interest rate paid by
tribal members by more than half. As a result, the new CDFI has instantly
created an internally managed loan portfolio that will produce more than four
times what the tribe was earning previously, while significantly reducing the
amount of interest paid by tribal members on their loans. NAFOA chose this
transaction as its “Deal of the Year”, in part because it presents a model for
other tribes to follow. Many tribes are guaranteeing loan portfolios at outside
commercial banks on behalf of their tribal members. By setting up their own
CDFI and operating it as a “tribal credit union”, a tribe can disintermediate
its capital structure, directly support its members, reduce tribal member
borrowing costs, and make reasonable profits on these loans.
David Dow published “
Barbara Evans’s article,
“Seven Pillars of a New Evidentiary Paradigm: The Food, Drug, and Cosmetic Act
Enters the Genomic Era,” will appear in 85 Notre Dame Law Review, see
http://ssrn.com/abstract=1359314
Her
article on health database privacy issues was published earlier this month at
84 Notre Dame Law Review 585. She has been reappointed as a member of the ABA
Special Committee on Bioethics and the Law and attended the committee’s midyear
meeting. Prof. Evans spoke on health information privacy issues as part of a
panel on Hot Topics in Bioethics and Law at the ABA Midyear Convention in
Jim Hawkins will present
his new paper “Financing Fertility,” at the Harvard-Texas Joint Conference on
Commercial Realities, in
Craig Joyce chaired the
2009 Baker Botts Lecture, headlined by Prof. William O. Hennessey of
Tom Oldham will
participate in a dialogue about marital contracts at
Michael A. Olivas
published
“An Essay on Friends, Special Programs, and Pipelines,” 35 J. Coll. & Univ.
L. 469 (2009). He appeared on KNME television in
Jordan Paust was a keynote
speaker at the Valparaiso Law Review symposium on Torture at the Valparaiso School
of Law,
Ronald Scott lectured to
students at the UH
Greg Vetter presented
“Commercial Free and Open Source Software: Knowledge Production, Hybrid
Appropriability & Patents” for the Spring 2009 Intellectual Property
Workshop Series by the Dean Dinwoodie Center for Intellectual Property Studies
at the George Washington University Law School, on February 19, 2009. In
addition, on February 27, he presented “Commercial Free and Open Source
Software” at the 2009 Intellectual Property Scholars Roundtable by the
Jacqueline
Weaver spoke
on “The Future of the Petroleum Industry Under Global Warming” at the UH
Stephen Zamora
hosted
a group of Latin American visitors to the
Helen
Boyce
Editor