Hofschneider seeks expanded CEDA lending, revives limited-term pension proposal
Автор: Marianas Press
Загружено: 2026-02-05
Просмотров: 228
Описание:
Sen. Jude U. Hofschneider is advancing legislation that would expand lending authority at the Commonwealth Economic Development Authority while also renewing a proposal aimed at reducing government payroll obligations through a limited-term pension plan.
The Tinian lawmaker said Senate Bill 24-25, which is before the Senate Fiscal Affairs Committee that he chairs, seeks to raise the threshold for CEDA loan and loan guarantee approvals by the agency’s executive director.
“The bill is Senate Bill 24-25 that seeks to amend a certain statute to allow the board of directors to authorize the executive director of CEDA to review and grant loan and loan guarantee applications of up to $25,000 as it currently is right now to $50,000,” Hofschneider said.
He said the measure is intended to provide greater access to capital for small businesses and allow CEDA more flexibility in responding to loan requests.
“So the intent of this is to kind of give opportunities for our small businesses here in the CNMI to potentially get assistance from the agency itself and it also allows the executive director more flexibility to entertain those kinds of proposals,” he said.
Hofschneider described small businesses as central to the local economy, particularly during economic downturns.
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
