Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 182

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 182
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 share of the economic activity on Guam. In response to the current COVID-19 pandemic, many countries, including South Korea and Japan, issued shelter-in-place orders and travel restrictions and warnings. As a result of the COVID 19 pandemic, calendar year 2020 visitor arrivals to Guam fell by approximately 80%. The United States’ military presence on Guam also contributes significantly to the island’s economy. Its strategic location close to Asia has increased its importance in the overall military strategy of the United States, but also has exposed Guam to certain geopolitical risks, including threats of military confrontation. In the years following 2010, Guam began to experience a decrease in U.S. military personnel as the plan to relocate certain forces from Japan to Guam was delayed. There can be no guarantee that the relocation will occur or to what extent Guam’s local economy will benefit from any relocation. However, current plans anticipate that approximately 5,000 Marines and 1,500 dependents from Okinawa and other locations will be relocated to Guam by Fiscal Year 2028, with the first 2,500 Marines moving to a new Marine Corps Base Camp Blaz by Fiscal Year 2026. The 2024 National Defense Authorization Act, passed in December 2023, includes over $4.2 billion of appropriations as part of the military buildup on Guam. Budget. On February 5, 2024, the Governor of Guam submitted the Executive Budget Proposal request for FY 2025 (the “Proposed Budget”). The Proposed Budget totaled $1.13 billion and projected $961.7 million in General Fund Revenues, $214.5 million in Special Fund Revenues and $552.9 million in federal matching grants-in-aid revenue. The Governor of Guam signed the budget bill into law on September 11, 2024. The enacted budget totaled $1.31 billion and projects $906.5 million in General Fund Revenues, $212.3 million in Special Fund Revenues and $190.1 million in federal matching grants-in-aid revenue. Debt.Guam is prohibited from authorizing or allowing the issuance of public debt in excess of 10% of the assessed tax valuation of the property in Guam, which amounts to $1.352 billion as of October 2022. Public debt does not include bonds or other obligations payable solely from revenues derived from any public improvement or undertaking. Total debt outstanding as of September 30, 2022, subject to the debt ceiling limitation is $940.8 million.