GEDA issues RFP for COLA class retirees - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA issues RFP for COLA class retirees

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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.

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