Hagåtña, Guam – Following the historic end of the decade-old Solid Waste Receivership, the Government of Guam is making strides in securing funds to be able to continue to responsibly manage its own disposal of waste. Governor Lou Leon Guerrero on Monday signed Bill 79-35 into Public Law 35-21.
“I cannot emphasize enough how pleased I am with the progress we are making to take back control of our solid waste system. This unprecedented partnership between our Administration and the Attorney General’s Office, the Federal Receivers, the U.S. Attorneys’ Office, the U.S. Department of Justice, the management and Board of the Guam Solid Waste Authority, and the Guam Legislature, truly demonstrates what we can achieve if we all put our differences aside and work together,” Governor Leon Guerrero said.
Bill 79-35 was introduced by Committee Oversight Chair of Environment, Revenue and Taxation, and Procurement, Senator Sabina Perez, with input from our Fiscal Discipline Team and other stakeholders. The new law authorizes the issuance of up to $30 million in bonds to finance the construction of a new cell at the Layon Landfill.
“As the Oversight Chair of Environment, Senator Perez’s collaboration was instrumental in commissioning this legislation. I applaud her leadership and commitment to our people. I also want to thank all senators for their due diligence and deliberation before voting to pass the measure,” said Governor Leon Guerrero.
GSWA tipping fees will not be increasing as a result of the bond-borrowing law. Based on projected financial statements for the next five fiscal years, which the receiver concurs is reasonable, GSWA will be able to absorb the debt service without having to increase its rates.