Felix Camacho, Governor of the territory of Guam, vetoed a bill that would have set aside 10 acres of commercial port property for a recycling enterprise zone. He said the port does not have 10 acres to set aside for such a project, and said that the bill's required $1 million investment is "cost prohibitive."
According to Camacho, the Guam Port Authority does not have 10 acres available for the economic zone, as required by the bill.
The vetoed bill had passed the legislature late last month. That bill required recycling companies to invest $1 million into the project and called that requirement "cost prohibitive."
In announcing the veto, Cama said that he "would like to see the intent of the bill come to fruition," but said the requirements set forth by the bill "cannot be implemented" and should be amended to include more incentives for Guam's recycling companies.
He said that the designation of the property and determining a reasonable lease should be done in coordination with the Port's Board of Directors and take into consideration plans currently being developed for Port privatization.
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