{"id":398420,"date":"2023-08-15T14:00:00","date_gmt":"2023-08-15T14:00:00","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=398420"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T14:00:00","slug":"Draft-of-working-plan-proposal-for-20M-MPLT-line-of-credit-done","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/Draft-of-working-plan-proposal-for-20M-MPLT-line-of-credit-done\/","title":{"rendered":"Draft of working plan proposal for $20M MPLT line of credit done"},"content":{"rendered":"<p>Gov. Arnold I. Palacios disclosed yesterday that they already have a draft of a working plan proposal in connection with his request for the Marianas Public Land Trust to consider extending a $20-million line of credit for severally funded capital improvement or infrastructure projects in order to get these projects going and collect revenues.\u00a0<\/p>\n<p>Palacios at a press briefing said they had a short meeting last Friday with the Department of Finance, Capital Improvement Projects Office, Office of Planning and Development, and MPLT to go through MPLT\u2019s requests.\u00a0<\/p>\n<p>\u201cPretty much we have a draft. We pretty much have all those things already set up,\u201d said the governor, adding that he should be given a copy of the draft to review.<\/p>\n<p>He said he believes when they were finished with the meeting, they understood where they needed to be.\u00a0<\/p>\n<p>Palacios said Liz\u00a0 Balajadia, who heads the Office of Planning and Development where a lot of these U.S. Economic Development Administration funds are, is leading a group that works on the plan proposal, along with Finance Secretary Tracy B. Norita, and folks from the Office of\u00a0 Management and Budget.<\/p>\n<p>Before it can extend the $20-million line of credit to the CNMI government, MPLT recently informed Palacios that it wants to see first, among other things, a letter from the EDA certifying that the CNMI is currently in compliance with EDA grant terms.<\/p>\n<p>MPLT board of trustees chair Phillip Mendiola-Long said that they want to see a working plan proposal that will help them understand the request for line of credit, specifically the timeline of the proposed projects.<\/p>\n<p>Last July 17, Palacios asked MPLT for a $20 million revolving line of credit\u00a0 for reimbursable federally funded grants for Capital Improvement Projects administered by the EDA.<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/images\/imgupload\/8ec663c7e49b6cd59939cfdfeb817867.jpg\" width=\"480\" height=\"360\" \/><\/p>\n<p>Marianas Public Land Trust office on Capital Hill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov. Arnold I. Palacios disclosed yesterday that they already have a draft of a working&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23812],"tags":[],"class_list":["post-398420","post","type-post","status-publish","format-standard","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/398420","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=398420"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/398420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=398420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=398420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=398420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}