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Leepan looks into MPLT funds for American Memorial Park

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REPRESENTATIVE Joseph Leepan T. Guerrero wants to know the amount of money that the Marianas Public Land Trust has for the maintenance of American Memorial Park.

U.S. Public Law 95-348, which was enacted in 1978, provided $3 million in seed money for the development, maintenance and operation of the park.  The amount was placed in the Park Trust Fund established under the Covenant between the U.S. and the NMI, and is part of the revenue that MPLT has been investing over the years.

In its fiscal year 2018 report, MPLT said the net investment revenue from Park Trust Fund is distributed for the maintenance and operation of the park on a periodic basis. From FY 1991 to FY 2017, MPLT said a total of $6.2 million funded various projects at the park.

Guerrero wants to know how much money is currently in the Park Trust Fund.

In his letter to MPLT Chairman Martin Ada, Guerrero said nearly 42 years have passed since the enactment of U.S. P.L. 95-348, which also states that the secretary of U.S. Treasury “shall transfer the administration of American Memorial Park to the government of NMI at such time as the governor requests such transfer.”

Guerrero is requesting the MPLT chairman for a “brief status report” on the park funds in the custody of MPLT.

He said U.S. P.L. 95-348 also mandates that once the transfer to the NMI occurs, “all improvements including real and personal property, shall thereupon be transferred without cost to the government of NMI, and thereafter the full cost of the development, administration and maintenance of the park shall be borne by the NMI government.”

Guerrero has introduced House Bill 21-119, which will mandate the governor to ask the federal government to transfer the administration of AMP to the CNMI government.

The measure is now on the bill calendar of the House of Representatives, which will hold a session at 2 p.m., Wednesday.

 

 

November 2020 pssnewsletter

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