Battle over the bonds
After removing the bond out of the Governor's Bill 1-2-S Senator Ben Pangelinan has introduced Bill 305. Bill 305 calls for a $180M bond to pay a portion of past due tax refunds.
By KUAM NewsGuam - After removing the bond out of the Governor's Bill 1-2-S Senator Ben Pangelinan has introduced Bill 305. Bill 305 calls for a $180M bond to pay a portion of past due tax refunds. It is the same bond provision in the vetoed substitute Bill 145. During Special Session Wednesday, the Democrats voted to remove the Governor's compromise language for a $239M bond contained in Bill 1-2-S and switched it out with contents of Bill 304, which separates the bond from the budget. The substitute Bill 1-2-S which was passed by 8 democrats appropriates for government operations only. All six republicans voted against the legislation. While Senator Pangelinan has introduced Bill 305, Governor Calvo sent down a new bill to lawmakers this morning calling for his original $343 million dollar bond to pay out all past due tax refunds. He called lawmakers into special session to deliberate on the bill at 9 o'clock this morning. Senators however have not yet convened.