CNMI to release stimulus checks Monday



Saipan-- The CNMI will begin distributing the third round of stimulus checks on Monday, Gov. Ralph DLG. Torres announced following the U.S. Treasury's approval of the commonwealth's implementation plan for the Third Economic Impact Payment of EIP3.


The Internal Revenue Service on Saturday approved $85 million for the CNMI. Initial funding has been advanced to the Department of Finance, the governor said.


“Lt. Governor Palacios and I are thankful that the U.S. Treasury has approved our plan early this morning. Our Department of Finance has just been notified by the IRS that the initial funding has been received, and because we have already prepared our systems, we will be pushing out the first batch of paper checks and direct deposits on Monday,” Torres said.


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