Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698749763049.pdf (Micronesia, Federated States of)
SEVENTEENTH CONGRESS OF THE FEDERATED STATES OF MICRONESIA SIXTH REGULAR SESSION, 2013 C.R.

NO.

17-216 A RESOLUTION Approving and accepting a foreign financial assistance in the amount of $550,000 from the Asian Development Bank, to support the Strengthening the Energy Sector Regulatory Framework of the Federated States of Micronesia, including all the terms and conditions of the assistance.
1 WHEREAS, upon the request of the Federated States of 2 Micronesia, the Asian Development Bank (ADB) agreed to provide 3 funding for policy and advisory technical assistance in the amount 4 of $550,000, as evidenced by a letter dated December 7, 2012, from 5 the ADB to the FSM Secretary of Finance and Administration; and 6 WHEREAS, section 210(2) of title 55 of the Code of the 7 Federated States of Micronesia provides that for an agreement on 8 foreign financial assistance to be valid it must be approved by 9 Congress by resolution; and 10 WHEREAS, the FSM Government is grateful and appreciative of 11 the financial assistance from the Asian Development Bank; now, 12 therefore, 13 BE IT RESOLVED by the Seventeenth Congress of the Federated 14 States of Micronesia, Sixth Regular Session, 2013, that Congress 15 hereby approves and accepts the $1,188,345 in foreign financial 16 assistance from the Asian Development Bank, including all the 17 terms and conditions thereof; and 18 19 CRL 17-229 C.R.
NO.

17-216 1 BE IT FURTHER RESOLVED that certified copies of this 2 resolution be transmitted to the President of the Federated States 3 of Micronesia, and the Asian Development Bank.

4 5 Dated: 1/18/13 Introduced by: /s/ Florencio S. Harper Florencio S. Harper (by request) 2 of 2