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Bill seeks to increase retirees’ share of casino license funds

A bill has been introduced seeking to increase the retirees’ share of the funds coming from casino license payments. House Bill 19-21, introduced by Rep. Blas Jonathan T. Attao (Ind-Saipan), notes that because of the settlement fund agreement, retirees lost 25 percent of their...
Posted On Feb 24 2015 04:00
, By Joel D. Pinaroc

SHEFA will stick with what it will have after April 2015

The Saipan Higher Education Financial Assistance board will stick with the cap of some 900 poker machine fees once licensing for new poker machines discontinues after April this year. SHEFA board vice chair Jose Mafnas said whatever number of poker machines remains after April...
Posted On Jan 26 2015 04:00
, By Jayson Camacho

SHEFA board leery of possible impact of casino law

With the passage of the casino law, concerns have been raised whether the Saipan Higher Education Financial Assistance will still have the funds it needs to run the program after April 2, 2015. This is because the casino law mandates the Commonwealth to stop issuing new or...
Posted On Nov 21 2014 04:00
, By Jayson Camacho

SHEFA official slams deceptive HY statement

Joe Mafnas, vice chairman of the board of directors for the Saipan Higher Education Financial Assistance, had the following comments regarding what he says is a “misleading and deceptive” press release issued by Heinz Hofschneider and Ray Yumul. “In a press release issued today...
Posted On Nov 20 2014 12:17
, By Press Release
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