Governance
LLBO adopted the original LLTC Charter in 1999 and established an independent Board of Trustees; in 2002, the LLBO revised the LLTC Charter. In 2003, Leech Lake Tribal College separated from the LLBO and assumed its own accounting and human resources functions, and the LLBO formally transferred all bank accounts, equipment, and some property to LLTC. Also, the IRS granted 501(c)(3) status to LLTC as a non-profit educational entity. While separately incorporated today, LLTC still enjoys a vital relationship with LLBO, and receives about 11% of its annual funding from the Band.
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Famous quotes containing the word governance:
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)