A bill that authorizes the CNMI government to enter into a five-year loan of up to $15 million with the Marianas Public Lands Trust now heads to the Governor’s Office after the Senate passed it during their session yesterday. Gov. Ralph DLG Torres is expected to sign it, since...

A council that supposedly represents those of Northern Marianas descent has expressed concerns about House Bill 21-44 to authorize the Marianas Public Land Trust to loan $15 million to the CNMI government. In a letter to House of Representatives Speaker Blas Jonathan Attao...

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...

Marianas Public Land Trust chair Martin B. Ada said it is premature to say the CNMI government won’t be able to repay a loan if it accedes to the government’s request for a line of credit. In an earlier presentation to the board, MPLT financial consultant Bruce MacMillan had...