Like all other states and territories, the CNMI Department of Finance is still waiting for the U.S. Department of the Treasury to put out guidelines on exactly how detailed or how they want the spending plan to be for the estimated $515 million that\u2019s allocated to the CNMI under the American Rescue Plan Act.<\/p>\n
\u201cThe information that we are using to come up with our spending plan is based on the American Rescue Plan Act\u2019s details of where we can spend the money on and what our priorities are,\u201d said Finance Secretary David DLG Atalig during a radio news briefing last Friday.<\/p>\n
\u201cSo the details of that plan is not ready to be submitted to U.S. Treasury until the U.S. Treasury gives us guidance,\u201d he said.<\/p>\n
Right now, Atalig said, they are using the U.S. Treasury\u2019s guidelines from the Coronavirus Aid, Relief, and Economic Security Act and the disaster relief bill until the new guidelines come out.<\/p>\n
He said they have been meeting in the Executive Branch and will be having talks with the mayors on how to go with the allocations. They are also meeting with the CNMI Legislature\u2019s leaders to discuss the allocations that they want for the community. <\/p>\n
Atalig said they want to make sure that they spend these ARPA funds wisely. He said that, as he always share and advice, they should try to get the best return on the investment or the value from these funds. \u201cWhen we spend on infrastructure, we want to make sure that these activities will generate or help in our recovery of our economy in a couple of years, so that we can have something to be sustainable for the future of the Commonwealth,\u201d Atalig said. <\/p>\n","protected":false},"excerpt":{"rendered":"
Like all other states and territories, the CNMI Department of Finance is still waiting for…<\/p>\n","protected":false},"author":23,"featured_media":342762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[],"class_list":["post-342747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/342747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=342747"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/342747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/342762"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=342747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=342747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=342747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}