Governor calls senators into special session - KUAM.com-KUAM News: On Air. Online. On Demand.

Governor calls senators into special session

by Sabrina Salas Matanane

Guam - Governor Eddie Calvo has called the 32nd Guam Legislature into a special session tomorrow.

In a letter to Speaker Judi Won Pat today, Calvo asks for consideration on legislation that would authorize the Guam International Airport Authority to refund its 2003 revenue bonds at the same maturity date, thus realizing substantial debt service savings.  He says the measure is substantially similar to Bill 129 previously introduced by Senators Tina Muna Barnes and Chris Duenas.

Calvo further adds the bill adds up to $110 million in capital improvement projects which would have no adverse impact on the general fund. He adds GIAA presently pays an annual bond insurance premium of $820,000 saying that if the airport does not refund its 2003 bonds and does not issue a call notice to current bond holders by August 30, GIAA will not be able to avoid the bond insurance payment.

Special session is set for 10am at the Guam Legislature.

  • NEWS HEADLINESMore>>

  • $10M in tax refunds going out Monday

    $10M in tax refunds going out Monday

    The Department of Administration will be mailing out about $10,180,000 in tax refunds tomorrow. The Department of Revenue and Taxation processed the 2,774 checks on Friday. “As we continue to stabilize the government, it is important that we continuMore >>
    The Department of Administration will be mailing out about $10,180,000 in tax refunds tomorrow. The Department of Revenue and Taxation processed the 2,774 checks on Friday. “As we continue to stabilize the government, it is important that we continuMore >>
  • GPD's website hacked, other GovGuam sites defaced

    GPD's website hacked, other GovGuam sites defaced

    The Guam Police Department’s official government website and others have been hacked. Guam Homeland Security officials confirm Saturday afternoon that they received a 911 call about GPD’s site along with other government websites being defaced

    More >>

    The Guam Police Department’s official government website and others have been hacked. Guam Homeland Security officials confirm Saturday afternoon that they received a 911 call about GPD’s site along with other government websites being defaced

    More >>
  • Terlaje's bill bans automatic mods for firearms

    Terlaje's bill bans automatic mods for firearms

    Senators entertained testimony on a bill meant to prevent a school shooting tragedy locally. The measure by Vice-Speaker Therese Terlaje bans so-called "bump stock" firearm attachments that can increase firing rates to mimic automatic capabilities. The biMore >>
    Senators entertained testimony on a bill meant to prevent a school shooting tragedy locally. The measure by Vice-Speaker Therese Terlaje bans so-called "bump stock" firearm attachments that can increase firing rates to mimic automatic capabilities. The biMore >>
Powered by Frankly