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Senate passes bill letting Marianas Public Land Trust open margin account to support $29 million loan
Summary
The Senate passed House Bill 24‑68 HD1 on Nov. 14, 2025, authorizing the Marianas Public Land Trust to establish a margin account to facilitate a $29,000,000 loan authorized under Public Law 24‑13, subject to trustees’ fiduciary and constitutional duties. The measure passed by voice/roll call (6 yes, 2 absent).
The Senate of the Commonwealth of the Northern Mariana Islands passed House Bill 24‑68 HD1 on Nov. 14, 2025, authorizing the Marianas Public Land Trust (MPLT) to establish a margin account solely to facilitate a $29,000,000 loan previously authorized under Public Law 24‑13.
Floor Leader Prieta introduced the bill on the floor, saying the measure "conditionally authorizes the Marianas Public Land Trust to establish a margin account solely to facilitate the $29,000,000 loan authorized under Public Law 24‑13,…
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