# Northern Mariana Islands HB 24-50: To authorize a loan between the Commonwealth Government and the Marianas Public Land Trust in the amount of $29,000,000 and authorize the Marianas Public Land Trust to withhold and retain net annual distributable income starting Fiscal Year 2026 for repayment and security of the loan.

Northern Mariana Islands HB 24-50, To authorize a loan between the Commonwealth Government and the Marianas Public Land Trust in the amount of $29,000,000 and authorize the Marianas Public Land Trust to withhold and retain net annual distributable income starting Fiscal Year 2026 for repayment and security of the loan., is a 24th Northern Mariana Islands Legislature (2025-2026) House bill sponsored by John Paul Palacios Sablan (Independent); status enacted, last action 2025-09-23 (PL 24-13); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/MP-HB24-50-24
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Northern Mariana Islands HB 24-50
- State: Northern Mariana Islands
- Session: 24th Northern Mariana Islands Legislature (2025-2026)
- Title: To authorize a loan between the Commonwealth Government and the Marianas Public Land Trust in the amount of $29,000,000 and authorize the Marianas Public Land Trust to withhold and retain net annual distributable income starting Fiscal Year 2026 for repayment and security of the loan.
- Status: enacted
- Chamber: House
- Introduced: 2025-08-15
- Last action: 2025-09-23, PL 24-13
- Sponsor: John Paul Palacios Sablan (Independent)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 2 (24 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Government borrows $29 million from land trust: mixed, low. The law authorizes a loan of up to $29 million from the Marianas Public Land Trust to the Commonwealth Government to make the Minimum Annual Payment to the Settlement Fund for Fiscal Year 2026. The loan uses simple interest at 7.5% per year, calculated annually. The Governor and the Secretary of Fi…

## Sponsors and cosponsors

- Sponsor: John Paul Palacios Sablan (Independent), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-09-15 | Senate | Roll call on HB 24-50 | pass | 8 | 0 |   |
| 2025-09-09 | House | Roll call on HB 24-50 | pass | 16 | 0 |   |

## Actions (6)

- 2025-09-23: PL 24-13 (House)
- 2025-09-15: Senate Final Reading — Passed (HS1) (Senate)
- 2025-09-09: House Final Reading — Passed (HS1) (House)
- 2025-09-09: House First Reading — Passed (HS1) (House)
- 2025-08-29: House Report Action — Approved (House)
- 2025-08-15: Introduced (House)

## Bill text

- HB 24-50, 2025-08-15: [PDF](https://www.cnmileg.net/documents/house/hse_bills/24/HB24-50.pdf)
- PL 24-13, 2025-08-15: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-13%20(HB%2024-50%20HS1%20MPLT%20LOAN-%2429M).pdf)
- SCR 24-27, 2025-08-15: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/SCR24-027%20WM%20(HB%2024-50%20MPLT%20LOAN-%2429M)%20%5BA-8-29-2025%5D.pdf)
- [HS1], 2025-08-15: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/TransSenHB%2024-50%20HS1.pdf)

## Related bills

- HB 24-108: To provide a Budget Plan of the Commonwealth of the Northern Mariana Islands for Fiscal Year 2027 and make appropriations for the operations and activities of… (enacted)
- HLB 24-62: To appropriate $500,000.00 from revenues collected for the Third Senatorial District pursuant to Public Law 20-59; and for other purposes. (enacted)
- SB 24-48: Establish a Division of Customs and Biosecurity within the DOF (enacted)
- HB 24-84: To authorize the expenditure of $2,105,563.00 identified by the Governor as a surplus from Fiscal Year 2025 revenues that shall be appropriated by the Legislat… (enacted)
- HB 24-74: To appropriate funds derived from trust interest income from the Marianas Public Land Trust towards payment of household allotments of Nutrition Assistance Pro… (enacted)
- HB 24-63: To amend Title 4 sections 1991 to 1995 relating to the 3% construction tax on gross revenues derived from certain non-residential construction projects and to… (enacted)

## Sources
- [HB 24-50 (PDF)](https://www.cnmileg.net/documents/house/hse_bills/24/HB24-50.pdf)
- [PL 24-13 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-13%20(HB%2024-50%20HS1%20MPLT%20LOAN-%2429M).pdf)
- [SCR 24-27 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/SCR24-027%20WM%20(HB%2024-50%20MPLT%20LOAN-%2429M)%20%5BA-8-29-2025%5D.pdf)
- [HS1 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/TransSenHB%2024-50%20HS1.pdf)

## Related
- [HB 24-108: To provide a Budget Plan of the Commonwealth of the Northern Mariana Islands fo…](https://policyrisk.com/state-bill/MP-HB24-108-24)
- [HLB 24-62: To appropriate $500,000.00 from revenues collected for the Third Senatorial Dis…](https://policyrisk.com/state-bill/MP-HLB24-62-24)
- [SB 24-48: Establish a Division of Customs and Biosecurity within the DOF](https://policyrisk.com/state-bill/MP-SB24-48-24)
- [HB 24-84: To authorize the expenditure of $2,105,563.00 identified by the Governor as a s…](https://policyrisk.com/state-bill/MP-HB24-84-24)
- [HB 24-74: To appropriate funds derived from trust interest income from the Marianas Publi…](https://policyrisk.com/state-bill/MP-HB24-74-24)
- [HB 24-63: To amend Title 4 sections 1991 to 1995 relating to the 3% construction tax on g…](https://policyrisk.com/state-bill/MP-HB24-63-24)
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Source: PRIA, https://policyrisk.com/state-bill/MP-HB24-50-24 (as of 2026-10-12).