Guam - Lawmakers last night passed Bill 1-2s during special session. The legislation was sent down by the governor on behalf of GEDA and the airport who need the Legislature's immediate authorization to refinance GIAA's revenue bonds and obtain a $125 million loan for capital improvement projects. The vote last night was 8 yes, 5 no and two excused absences.
Several senators wanted to delay discussion on the governor's bill and instead wait until next week for a public hearing on Bill 129 which is similar to Bill 1-2s. According to co-author of Bill 129, Senator Chris Duenas the measure was introduced at the end of May and said 60 days was long enough time for his colleagues to act on it, but here we are now with Bill 1-2s.
Governor Eddie Calvo says the bill that was passed is under review, noting, "So obviously when I got back to the island, I was advised by our people that many of these senators believed that the best way to do it was have the governor call them into special session, I took them on it. It now that it appears that those that are used to playing this political game have spun it one way or the other but the bottom line is this is a good bill, it was passed by well meaning senators who understand that it's important for the best interest of the airport, best interest of the economy and the best interest of the people of Guam."
Governor says once the legislation is reviewed he fully intends to sign it.