Feb. 28, 2018

Hagåtña — In session this morning, when asked to be more specific on which funds he would like to use to address government shortfalls and avert the ‘Cruz Crisis’, Senator Frank B. Aguon, Jr. proposed the following funding sources:

• Tourist Attraction Fund Balance – Economy 
• Territorial Education Facility Fund – Education 
• Guam Highway Fund – Education, Roads 
• Recycling Revolving Fund
• Healthy Futures Fund
• Manpower Development Fund – Education, Labor, Economy
• Limited Gaming Fund – Mayors, Education, Parks and Recreation 
• Land Survey Revolving Fund – Chamorro Land Trust Recipients 
• Guam Museum Fund – History and Culture 
• Board of Accountancy – Fiscal 
• Criminal Injuries Compensation Fund – Crime Victims 
• Child Support Fund – Children

While Senator Aguon is looking to use borrowed funding from HOT bonds to fund government operations, GEDA stated it cannot be used for working capital.

“I would rather use the HOT Bond funding for GMH capital improvement projects as proposed by Vice-Speaker Therese Terlaje, than to raid borrowed funding for operations,” Governor Calvo said.

According to Acting Director of Department of Administration, Edward Birnes, the funding Senator Aguon is looking toward has already been appropriated and committed.

If you have concerns about raiding special funds, please contact or text Senator Frank Aguon.

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