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Finance remits $900K to MVA

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THE Marianas Visitors Authority received $900,000 in hotel occupancy tax remittance from the Department of Finance in July, MVA Managing Director Priscilla Iakopo said.

Of this amount, $400,000 was used to pay 25% of the balance in February, and 50% of the balance in March for invoices owed to promotion and marketing offices in South Korea and Japan.

Iakopo said MVA plans to use the remaining $500,000 to pay for the $435,000 owed to its other offshore offices.

She said MVA has significantly reduced its operation costs after terminating some contracts except for monthly recurring maintenance, rent, and utilities.

MVA still has $7.7 million in receivables from the central government: $1.3 million for fiscal year 2019 and $6.4 million for fiscal year 2020.

MVA chair Marian Aldan-Pierce said since they have terminated the contract for the upkeep of the Garapan median strip, they will ask the Saipan mayor’s office and the Department of Public Works to assist MVA in the maintenance effort.

She said MVA has done a great job in trying to pay all bills on time. “The staff deserves to be recognized,” she added.

MVA board member Viola Alepuyo also lauded the MVA management and Aldan-Pierce for working “very hard” and for protecting the tourism industry to ensure that it can be “jump-started.”

“With all the uncertainties in the news, we need to maintain optimism because it can be daunting, not knowing what the future holds for us,” she added. 

 

 

 

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