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Santos finds revolving accounts for Rota
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Posted on Nov 17 2020
Santos
Sen. Teresita A. Santos (Ind-Rota) said she has found out that there are certain revolving accounts established by legislation that provided for specific collection of fees that should remain with the senatorial district or should be provided to the senatorial district.
Santos said she just learned about the revolving accounts during the government’s 2021 budget public hearings.
The senator recently urged Rota Mayor Efraim M. Atalig to work with Finance Secretary David DLG Atalig to identify those accounts and funds in the accounts so that the funds can be used consistent with the laws.
In order for the Rota municipality to tap these revolving account funds, it is necessary for the Rota mayor to communicate with Atalig to review the accounts and for the Finance secretary to certify the available funds in each account, Santos said.
These revolving account funds are on top of the funds provided to the Rota municipality through the fiscal year annual budget appropriation, she added.
“This supplemental funding is certainly a great help to the municipality, most especially now in this downturn of economic activities caused by the COVID-19 pandemic,” Santos told Efraim Atalig.
She did not mention the amount covered by the revolving account funds but cited the revolving accounts funds of the Marianas Visitors Authority.
