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Palacios asks MPLT for $20M line of credit

Gov. Arnold I. Palacios has requested the Marianas Public Land Trust to consider extending a $20-million line of credit for several federally funded capital improvement/infrastructure projects in order to raise revenues. In his letter to MPLT board of trustees chair Phillip...
Posted On Jul 21 2023 06:03
, By Ferdie De La Torre
0

MPLT passes audit with flying colors

The Marianas Public Land Trust has received a good audit report from independent auditor Ernst & Young, which audited MPLT’s financial statements and the related notes to its financial statements for the year ended Sept. 30, 2022. Ernst & Young, which was hired by the...
Posted On Jun 15 2023 06:06
, By Ferdie De La Torre
0

MPLT questions authority of previous DPL admin’s grant of $500K for Garapan Revitalization Project

The Marianas Public Land Trust board of trustees has questioned the authority of the previous Department of Public Land administration for several actions, including granting the use of $500,000 for the Garapan Revitalization Project. MPLT board chair Phillip Mendiola-Long said...
Posted On May 16 2023 06:05
, By Ferdie De La Torre
MPLT
0

MPLT’s $224.4K in Russian bank frozen

Some $224,000 of the Marianas Public Land Trust’s money that’s invested in a Russian banking and financial services company is frozen due to sanctions imposed by the U.S. Department of Treasury as a result of Russia’s invasion of Ukraine. In his administrative report last March 1...
Posted On Mar 07 2023 06:06
, By Ferdie De La Torre
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