Guam - Senator Rory Respicio has introduced legislation to settle the 17-year-old debt for the Guam Public Market Redevelopment Project, or the Chamorro Village Project. The measure provides GovGuam a method to settle the outstanding debt by offsetting what they may owe in business privilege taxes to Hanjin Heavy Industries and Construction Company.
The bill follows a similar bill introduced by Senator Respico's in July last year to pay the vendor more than $136,000 for the outstanding obligation. That bill appropriated the money to Public Works, which in turn would pay the vendor. While that bill still sits in committee, provisions and language were instead incorporated into Budget Bill 31-77 or the budget bill.