Kilili working to get Commonwealth’s $88 million loan forgiven

Posted on Jul 16 2021

WASHINGTON, D.C.—Delegate Gregorio Kilili C. Sablan (Ind-MP) was able to pass legislation last year, immediately making the Commonwealth eligible for an $88.7 million operations loan from the Federal Emergency Management Agency. Now he is working to have that loan completely forgiven with language included in the fiscal 2022 Homeland Security spending bill approved by the Appropriations Committee last Wednesday.

“Gov. [Ralph DLG] Torres met with me in May 2020 and asked for changes in the community disaster loan law so the Commonwealth would qualify to borrow up to $90 million for operations costs,” Sablan said. “I was able to include the necessary changes in the fiscal 2021 omnibus appropriation in December; and the governor immediately borrowed $88,734,930 from the federal government.”

Given how shaky the CNMI economy is right now, Sablan said he does not want the people of the Commonwealth saddled with so much debt. “So, I am working to make sure the debt is forgiven,” he added. (PR)

Press Release

News under Press Release are official statements issued to Saipan Tribune giving information on a particular matter.

Rota’s Kin and Rit Enterprises sign on as ProaPerks partner

Man who ran into Mihaville sign while high on ‘ice’ asks for early release

Disclaimer: Comments are moderated. They will not appear immediately or even on the same day. Comments should be related to the topic. Off-topic comments would be deleted. Profanities are not allowed. Comments that are potentially libelous, inflammatory, or slanderous would be deleted.