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Attao to change bill language from ‘LOC’ to ‘loan’

With the Marianas Public Land Trust agreeing to lend $15 million to the Torres administration, House Speaker Blas Jonathan Attao (R-Saipan) will be amending the bill related to the matter that he previously introduced to refer to the amount as a “loan” instead of a “line of...
Posted On Jul 04 2019 06:00
, By Ferdie De La Torre

MPLT ready to negotiate on LOC

Trustees of the Marianas Public Land Trust are ready to meet with representatives of the Executive Branch and Legislature to begin negotiations on the Torres administration’s request for a $15-million line of credit to secure funds to pay its bond obligations and the Settlement...
Posted On Jun 25 2019 06:06
, By Jon Perez

MPLT looks at its option if LOC request is OK’d

Using the future interest of the line of credit as guarantee is one of the options being looked at by the Marianas Public Land Trust board, if it gives the Torres administration’s the money it needs to enable the CNMI government to address its bond obligations and payment to the...
Posted On May 23 2019 06:05
, By Jon Perez

MPLT sets 20-day deadline for LOC deal

The Marianas Public Land Trust has placed he CNMI government’s request for a line of credit under an investment review process. The five-member fund manager board has set a 20-day deadline for the review process and would decide whether to grant or deny the government’s LOC...
Posted On May 17 2019 06:05
, By Jon Perez
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