CLTC, ancestral lands inventoried and valued - KUAM.com-KUAM News: On Air. Online. On Demand.

CLTC, ancestral lands inventoried and valued

Posted: Updated:
 by Sabrina Salas Matanane

Guam - Calling it historic news late this afternoon the Governor's Office announced the completion of a 10-month process of inventorying and valuing leased Chamorro Land Trust and Guam Ancestral Lands. As a result of this comprehensive effort the leased properties were valued at $411 million.  According to the Governor's Office the $411 million was added to GovGuam's assets today thus creating an unprecedented massive ripple effect in the accounting and financial portfolio of the government. this includes,  having a major potential  affect on GovGuam's credit rating, currently issued bonds and future credit of GovGuam. 

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