Marianas Variety

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    Tuesday, October 23, 2018-7:48:07P.M.

     

     

     

     

     

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Deception at its BEST!

BEWARE Retirees, NMTI, NMC, Rota and Tinian, because your share of the money earmarked from the guaranteed $15mil yearly Casino License fee is no longer guaranteed by Public Law PL18-56 due to the fact that this administration secretly rail-roaded and passed PL20-10 a “repealer” law that took away that protection designed by PL 18-56! PL 20-10 was passed last July-August of 2017 last year, without public hearing, committee report, and on a first and final reading!,…this law took less than a month to become Public Law!

Wonder who was or is behind this maneuver, but this administration is responsible, and wonder who and how much these law makers get under the table for this sneaky maneuver?

Facts:

1. PL 18-56 created the lone IPI exclusive three casino licenses for IPI only.

2. This law set a minimum of $15mil for the yearly casino license regardless of revenue generated.

3. The law also earmarked portion of the money to Tinian and Rota ($4.mil), the remaining $11mil., will go to NMTI, NMC, 25% retirement payment, and other community projects.

4. However, PL 20-10 (repealer), took away the “guarantee” protection and shifted the license fee to another special account under the “CGRT” or the CASINO GROSS REVENUE TAX! As a result, this does NOT provide the protection on the “minimum” any longer, this means that anytime in the future should the revenue decline,…so as the fee for the license (become negotiable just like anything in IPI’s current contract!) diminishes, so will the money for Rota, Tinian, NMTI, NMC and especially the 25% retirement pension!

So by rail-roading PL 20-10, wonder how many people knows or aware of this maneuver? Does Tinian or Rota aware of this? A very good question to post for the people!

The MOTIVE:

1. THE CHINESE STAND TO GAIN A LOT BY “UNDER REPORTING” THEIR REVENUE!

2. IT GIVES THE CASINO AND ITS CROOKED TEAM IN THE ADMINISTRATION MORE INCOME!

3. IT GIVE THE CASINO THE FLEXIBILITY TO RE-NEGOTIATE TO THEIR ADVANTAGE!

4. THE CASINO IS NO LONGER BOUND TO PAY THE MINIMUM OF $15MIL. OF THE ANNUAL LICENSE FEE SHOULD THE REVENUE DECLINED (INTENTIONALLY)!

NOTE: RUMORS HAS IT THAT SINCE JANUARY OF THIS YEAR AND TO DATE, THE CASINO REVENUE HAS BEEN DECLINING AT AN ALARMING RATE….REPORTED (we can verify this at the Tax and Revenue Office).

A Board member from NMTI also stated that the school never got nor seen their portion of the money set forth by PL18-56 ever since!

JACK MUNA
Koblerville, Saipan