# Northern Mariana Islands HB 24-68: To conditionally authorize the Marianas Public Land Trust to establish a margin account solely to facilitate the $29,000,000 loan authorized under Public Law 24-13, subject to the continuing fiduciary and constitutional duties of the Trustees.

Northern Mariana Islands HB 24-68, To conditionally authorize the Marianas Public Land Trust to establish a margin account solely to facilitate the $29,000,000 loan authorized under Public Law 24-13, subject to the continuing fiduciary and constitutional duties of the Trustees., is a 24th Northern Mariana Islands Legislature (2025-2026) House bill sponsored by John Paul Palacios Sablan (Independent); status enacted, last action 2025-11-14 (Senate Final Reading — Passed (HD1)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/MP-HB24-68-24
- 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 24-68
- State: Northern Mariana Islands
- Session: 24th Northern Mariana Islands Legislature (2025-2026)
- Title: To conditionally authorize the Marianas Public Land Trust to establish a margin account solely to facilitate the $29,000,000 loan authorized under Public Law 24-13, subject to the continuing fiduciary and constitutional duties of the Trustees.
- Status: enacted
- Chamber: House
- Introduced: 2025-10-15
- Last action: 2025-11-14, Senate Final Reading — Passed (HD1)
- Sponsor: John Paul Palacios Sablan (Independent)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 2 (24 yes, 1 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Marianas land trust gets limited loan authority: mixed, low. The Marianas Public Land Trust can open a margin account with a licensed U.S. broker-dealer. The account can only secure or support the $29 million loan authorized by Public Law 24-13—not other investing or trading. Trustees can pledge only the investment-grade securities strictly needed to secure…

## Sponsors and cosponsors

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

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-11-14 | Senate | Roll call on HB 24-68 | pass | 6 | 0 |   |
| 2025-11-06 | House | Roll call on HB 24-68 | pass | 18 | 1 |   |

## Actions (5)

- 2025-11-14: Senate Final Reading — Passed (HD1) (Senate)
- 2025-11-11: P.L. 24-17 (House)
- 2025-11-06: House Final Reading — Passed (HD1) (House)
- 2025-11-06: House First Reading — Passed (HD1) (House)
- 2025-10-15: Introduced (House)

## Bill text

- HB 24-68, 2025-10-15: [PDF](https://www.cnmileg.net/documents/house/hse_bills/24/HB24-68.pdf)
- P.L. 24-17, 2025-10-15: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-17%20(HB%2024-68%20HD1%20MPLT%20Conditional%20Authority%20Margin%20Account%20For%20%2429M%20Settlement%20Fund%20Loan%20PL%2024-13).pdf)
- [HD1], 2025-10-15: [PDF](https://www.cnmileg.net/documents/files/24TH%20UPDATE/TransSenHB%2024-68%20HD1.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 24-68 (PDF)](https://www.cnmileg.net/documents/house/hse_bills/24/HB24-68.pdf)
- [P.L. 24-17 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/PL%2024-17%20(HB%2024-68%20HD1%20MPLT%20Conditional%20Authority%20Margin%20Account%20For%20%2429M%20Settlement%20Fund%20Loan%20PL%2024-13).pdf)
- [HD1 (PDF)](https://www.cnmileg.net/documents/files/24TH%20UPDATE/TransSenHB%2024-68%20HD1.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)
- [Northern Mariana Islands bills](https://policyrisk.com/states/northern-mariana-islands/bills)
- [Northern Mariana Islands state hub](https://policyrisk.com/states/northern-mariana-islands)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MP-HB24-68-24 (as of 2026-10-12).