by Nick Delgado
Guam - The Guam Economic Development Authority issued a request for proposal seeking interested institutions to provide loan or promissory note in the amount of $20 million to pay the outstanding certificates of claims to COLA class retirees. The payment is authorized by Public Law 30-239.
It would also include all interest due as ordered by the Superior court. All proposals must be submitted to GEDA by 4pm Tuesday, March 29.