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View Full Version : Senate passed Noel bond issue



NewsWhore
11-12-2007, 04:00 PM
The majority PLD enabled the Dominican Senate to pass the law that authorizes the Ministry of the Treasury to issue bonds for RD$5 billion to help with the recovery efforts after TS Noel. The legislation was passed by the Chamber of Deputies last week, again assisted by the majority that the PLD holds in the lower house. PRD senators objected to the measure, and used the same arguments as their colleagues in the lower house: The Executive Branch already has enough resources to carry out relief efforts without resorting to new levels of debt. However, the PLD majority prevailed and the bill will now go to the President for his signature.

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