Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698144567536.pdf (Micronesia, Federated States of)
SEVENTEENTH CONGRESS OF THE FEDERATED STATES OF MICRONESIA THIRD REGULAR SESSION, 2012 C.B.

No.

17-84 A BILL FOR AN ACT To amend title 55 of the Code of the Federated States of Micronesia by creating a subsection 4 under section 209 to clarify Congressional approval in accepting sector grants and supplemental education grants in conformity with the terms and conditions of grant awards made pursuant to the provisions of the Compact of Free Association, and for other purposes.
BE IT ENACTED BY THE CONGRESS OF THE FEDERATED STATES OF MICRONESIA: 1 Section 1.

Title 55 of the Code of the Federated States 2 of Micronesia is hereby amended to create a subsection 4 under 3 section 209 to read as follows: “Section 209.

Deposits to the General Fund.
(1) Unless otherwise provided by this chapter or other law, the following shall be deposited in the General Fund: (a) all public moneys raised or received by the Federated States of Micronesia National Government pursuant to laws imposing taxes on income or other taxes, duties, or tariffs based on imports, or other revenues collected based on fines, fees, licenses, interests, rents, or other collections of the Federated States of Micronesia made specifically applicable within the jurisdiction of the Federated States of Micronesia; (b) all funds allotted to the Federated States of Micronesia National Government from the Compact CBL 17-99 C.B.
No.

17-84 Financial Assistance Fund; and (c) all other funds received by the Federated States of Micronesia National Government from the United States Government and designated for the Federated States of Micronesia National Government.

(2) Compact of Free Association financial assistance shall be accounted for in accordance with financial accounting and reporting requirements of the Compact.
(3) All balances of the United States Grant Special Fund are hereby transferred to, and deposited in, the General Fund of the Federated States of Micronesia.
(4) Notwithstanding any provision in this title to the contrary, the terms and conditions of sector grants and supplemental education grants awarded and allocated to the National Government of the Federated States of Micronesia pursuant to the Compact of the Free Association between the Government of the Federated States of Micronesia and the Government of the United States, as amended, shall be binding on the National Government when accepted by Congress through a resolution; PROVIDED THAT, unless an infrastructure sector grant is rejected by relevant state government pursuant to Public Law No.
13-72, section 307 of chapter 3, Congress shall have the 2 of 3 C.B.

No.

17-84 authority to accept by resolution, on behalf of such state government, the terms and conditions of infrastructure sector grants.

Acceptance by Congress under this section shall be deemed to constitute a spending authority pursuant to which an allotment may be issued.” Section 2.
This act shall become law upon approval by the 8 President of the Federated States of Micronesia or upon its 9 becoming law without such approval.

10 11 Date: 1/17/12 Introduced by: /s/ Florencio S. Harper Florencio S. Harper (by request) 3 of 3