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Inos inks 2 obligation bond laws, vetoes DPL fee waiver bill

Gov. Eloy S. Inos signed into law on Friday and Wednesday two related bills allowing the issuance of bonds other than general obligation bonds. The governor also signed on Thursday a local measure appropriating $40,000 in poker license fees for Rota patients and other programs,...
Posted On Apr 14 2014 09:15
, By Haidee V. Eugenio

CDA confident of recovering loan funds from Freedom Air

If and when the court decides on the bankruptcy petition filed by Freedom Air, one of the company’s creditors, the Commonwealth Development Authority, is confident it would be able to recover any and all obligations of the airline company. CDA executive director Manuel Sablan...
Posted On Apr 01 2014 17:23
, By Moneth G. Deposa

CDA loan collections total $450,000 in just 5 months

The Commonwealth Development Authority collected nearly half a million dollars from its outstanding loans, an amount the agency described as still “within range” of previous years’ collections. CDA comptroller Donnie Militante disclosed to Saipan Tribune that from October 2013...
Posted On Mar 31 2014 15:41
, By Moneth G. Deposa

CDA affirms suspension of CUC payments

Understanding the cash-flow situation of the Commonwealth Utilities Corp., coupled with the potential ripple effects of continued power rate hikes, the Commonwealth Development Authority agreed to suspend any payments from CUC relating to the millions of preferred stocks and...
Posted On Mar 27 2014 14:10
, By Moneth G. Deposa
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