Public Lands Secretary Marianne Concepcion-Teregeyo announced Thursday the remittance of $567,508 to the Marianas Public Land Trust, representing money collected from current land leases.
“The Department of Public Lands has strengthened its policies and enforcement for all public land leases and has diligently collected funds due from the leasing of public lands. We are working more collaboratively with all lessees and stakeholders to continue the timely collections and remittance to MPLT,” she said.
Since the creation of DPL in 2006, the department has transferred a total of $20.9 million to MPLT.
Since 2016, under the Torres administration, $12,416,932 has been remitted to the public land trust. MPLT has recognized that this is the highest amount ever remitted by an administration in CNMI history.
“Under the fiscal year 2018 independent audit conducted by Deloitte and Touche, due to MPLT was $6,327,685. DPL has made this a priority and already transferred a majority. Today, this administration remitted the remaining due to MPLT,” said Concepcion-Teregeyo.
Gov. Ralph DLG Torres said that DPL’s improved policies and regulations, as well as the completion of its comprehensive land use plan, provides better guidance for public land use, inclusive of current developments and future plans.
“We have identified comprehensive land use opportunities that affect our natural resources, our overall infrastructure, economy, and our way of life. With the proper guidance, the remittance of revenues from current land lessees increases the financial stability of MPLT and the viability of MPLT’s investments for the benefit of our people of Northern Marianas descent,” Torres said.
For more information on DPL remittances, log on to www.dpl.gov.mp. (PR)