Blas wants to payments offset with reimbursements - KUAM.com-KUAM News: On Air. Online. On Demand.

Blas wants to payments offset with reimbursements

Posted: Updated:

by Sabrina Salas Matanane

Guam - As the Government of Guam faces its current financial crisis, Senator Frank Blas, Jr. is finding other alternatives to bring funds into the Government of Guam. In a letter to Congresswoman Madeleine Bordallo, Blas hoped to discuss the possibility of using amounts owed for Compact impact reimbursements as offsets for payments to the federal government.

He says although the purchase of Fena is a far gone conclusion under the National Defense Authorization Act's provision to use the amounts owed for Compact impact reimbursements, he hopes to use that same language for this new alternative. "This helps free up some of the money we have that we're going to need on the government side again not only to run the operation but basically but help grow the economy," he said.

Blas is optimistic that the aggressive pursuit of this reconciliatory option may result in the utilization of the offsets before the end of the upcoming fiscal year. He says the Calvo Administration is working to provide the congresswoman's office a list of payments made to the federal government that includes both annual and cumulative totals.

  • NEWS HEADLINESMore>>

  • Airport will appeal $2.1M arbitration award

    Airport will appeal $2.1M arbitration award

    The airport will appeal a superior court decision upholding a $2.1-million arbitration award to DFS. The Guam International Airport Authority argues that the retailer owed back rent when it failed to promptly vacate space at the terminal after losing theMore >>
    The airport will appeal a superior court decision upholding a $2.1-million arbitration award to DFS. The Guam International Airport Authority argues that the retailer owed back rent when it failed to promptly vacate space at the terminal after losing the More >>
  • Pentagon free to cap military service for transgenders

    Pentagon free to cap military service for transgenders

    Disappointment is the feeling being shared after the US Supreme Court ruled to allow the Pentagon to limit transgender military service, at least for now. Back in July of 2017, President Trump tweeted the military would not allow transgender individuals tMore >>
    Disappointment is the feeling being shared after the US Supreme Court ruled to allow the Pentagon to limit transgender military service, at least for now. Back in July of 2017, President Trump tweeted the military would not allow transgender individuals tMore >>
  • Moylan challenges senators to get drug tested

    Moylan challenges senators to get drug tested

    Sen. Jim Moylan said his colleagues should lead the way in fighting Guam's drug epidemic. He said his Bill 26 and Legislative Rules Resolution 16 are good first steps for senators to not only talk the talk, but walk the walk as well. Bill 26 would lift drMore >>
    Sen. Jim Moylan said his colleagues should lead the way in fighting Guam's drug epidemic. He said his Bill 26 and Legislative Rules Resolution 16 are good first steps for senators to not only talk the talk, but walk the walk as well. Bill 26 would lift drMore >>
Powered by Frankly