FOR IMMEDIATE NEWS RELEASE (December 29, 2017 – Hagåtña) – Vice
Speaker Therese M. Terlaje (D-Yona) introduced Bill No. 225-34 (COR) today which proposes to help address the hospital needs of our residents and tourists through the remaining Hotel Occupancy Tax (HOT) Bond proceeds.
It was revealed to the Guam Legislature through a December 18, 2017 letter from the Guam Economic Development Authority (GEDA) that on November 27th the GEDA board approved to re-program $5 Million of the Hotel Occupancy Tax (HOT) Bond funding, originally intended to address Phase 3 of the Tumon Flood Mitigation project, towards the reconstruction of the Palåsyo in Hagatña.
“We have consistently heard from our medical professionals and residents that GMH is in dire need of updated medical equipment and resources for modernization to better serve our community and save lives. This bill prioritizes critical medical equipment and capital improvements for in-patient or emergency care over the reconstruction of a Palåsyo. It is my hope that this bill might alleviate the need for proposed tax increases for hospital modernization projects,” stated Terlaje.
For more information, please call the Office of Vice Speaker Therese M. Terlaje at (671) 472-3586.