CARES Act FAQs

CARES ACTThe Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress on March 27, 2020.

Soon thereafter a lawsuit was filed challenging the eligibility of Alaska Native corporations (ANC), like BSNC, to receive CARES Act funds.

In June 2021, the Supreme Court of the United States returned a favorable decision holding that ANCs are Indian tribes and eligible for funding under Title V of the CARES Act.

See the Supreme Court’s decision https://www.supremecourt.gov/opinions/20pdf/20-543_3e04.pdf

As of today, BSNC and other Alaska Native regional and village corporations have not received CARES Act funds.

The amount of funding that BSNC will receive under the CARES Act is not known at this time. What is known is that the CARES Act funding has very specific parameters for expenditures.

From the guidance received from the U.S. Treasury, it appears that dividends/distributions to shareholders are not allowed.

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BSNC CORONAVIRUS INFORMATIONCOVID-19 Updates and News

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COVID-19 UPDATES

Office Closures

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COVID-19 UPDATES

BSNC Responds

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COVID-19 UPDATES

Resources

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COVID-19 UPDATES

Travel

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OFFICESWhere to find us?
Bering Straits Native Corporation is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONS
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
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OFFICESBering Straits Native Corporation
OFFICESWhere to find us?
BSNC is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONSWhere to find us?
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
GET IN TOUCHStay Connected
Follow BSNC for news, updates, stories, and opportunities to share in this journey.
Sign up for our newsletter
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