5 Jun 2012

Saipan lawmaker says CNMI govt should be placed under emergency

4:40 am on 5 June 2012

A Saipan lawmaker in the Northern Marianas says it is the territory's government that should be placed under a state of emergency instead of various agencies, as the Benigno Fitial administration has done.

The Commonwealth Utilities Corporation and the Commonwealth Health Corporation are under a state of emergency, and the administration is considering the same move for the Retirement Fund.

The Fund's appeal for Chapter 11 bankruptcy failed.

A state of emergency allows the agencies to suspend some regulations to help them better cope with funding issues.

Representative Frank Dela Cruz says the financial problems being experienced at these agencies are due to central government not meeting its obligations to them.