HAGATNA (THE GUAM DAILY POST)—Guam Governor Lou Leon Guerrero’s administration anticipates receiving more than $553 million in federal aid within the next few days
That money is the island’s allocation of Coronavirus State and Local Fiscal Recovery Funds under the American Rescue Plan.
Department of Administration Director Edward Birn submitted the request Tuesday, according to the governor’s spokeswoman Krystal Paco-San Agustin.
While far from the US$660 million figure that local officials had been discussing, the administration said there are still county and non-entitlement elements that are estimated to add up to US$604 million. That figure also doesn’t include capital projects funding — US$10 billion that the U.S. Department of the Treasury is yet to allocate.
“I think we’re going to get close to US$661 million,” Guam Delegate Michael San Nicolas said during a press conference on guidelines for the recovery funds.
“Those figures that we provided were the initial committee determinations, but everything ultimately gets refined when it passes into law and the agencies have to look at the defining statutes and crunch the numbers. … Between the US$553 million and the other funding source, it looks like it’s going to be just over $600 million. And then the Capital Projects Fund, we’ll see where that takes us closer to the US$661 million we were originally anticipating,” he added….PACNEWS