6.6.11.030 Findings

The Council hereby finds and declares that:

(a) The Pueblo de San Ildefonso possesses sovereign immunity from suit and the Council is authorized to decide by law how the Pueblo's sovereign immunity may be waived and in what courts suit may be brought against the Pueblo; and

(b) The Pueblo wishes to procure professional financial services from a Firm for services

related to the Pueblo's investment funds; and

(c) Some investment advisory and brokerage account documents may contain a requirement that the Pueblo waive its sovereign immunity from suit in order to enforce the terms of the agreement through arbitration; and

(d) It is in the best interest of the Pueblo to authorize the Governor to negotiate and sign any required document with a Firm and to waive the Pueblo's sovereign immunity to enforce such agreements, subject to specific requirements.