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CDA: $1.25M CIP projects dormant for five years

Members of the Commonwealth Development Authority board disclosed yesterday that a substantial amount of government funds have been sitting idle for years due to the inaction of their assigned expenditure authorities. CDA, which is the custodian of some portions of government CIP...
Posted On Feb 12 2014 16:20
, By Moneth G. Deposa
0

House OKs non-general obligation bond issuance bill

After a heated debate that went on even during a short session break, the House of Representatives passed late Thursday afternoon a bill amending the Commonwealth Development Authority Act of 1984 to allow issuance of bonds other than general obligation bonds at a time when the...
Posted On Feb 10 2014 10:22
, By Haidee V. Eugenio

CDA: Only 4 qualifying certificates are active for now

The government’s qualifying certificate program has only four active recipients for now, out of the 14 certificates issued since the program’s inception years ago. Documents obtained by Saipan Tribune from the Commonwealth Development Authority yesterday showed that businesses...
Posted On Feb 06 2014 10:03
, By Roselyn Monroyo

CDA: Lifting of loan moratorium dim

The lifting of the moratorium on new loans has a dim chance of passing the Commonwealth Development Authority board as its members and the management team appear to have contrasting opinions on the issue. CDA executive director Manuel Sablan and loan manager Oscar Camacho made it...
Posted On Jul 31 2012 05:40
, By Moneth G. Deposa
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