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Tinian officials press finance and CUC MOU on prepaid utilities, arrears and Valley Inn account

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Summary

Committee and Tinian officials discussed utility funding mechanisms, a cash‑management MOU with the utility (CUC) to clear arrears and whether Valley Inn utilities are included in the clearance plan; the secretary of finance confirmed municipal utility arrears were addressed up to 09/30/2024 in the MOU.

Tinian officials and the House Ways and Means Committee discussed municipal utility funding, a memorandum of understanding with the Commonwealth Utility Corporation (CUC) to clear arrears, and which municipal accounts the agreement covers.

Secretary of Finance Tracy Norita told the committee that the central government included $150,545 to clear certain municipal arrears under an MOU negotiated with CUC, and that the figure in the status worksheet reflected balances “after…

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