Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698144564953.pdf (Micronesia, Federated States of)
TWENTIETH CONGRESS OF THE FEDERATED STATES OF MICRONESIA FIRST REGULAR SESSION, 2017 C.B.

NO.

20-23 A BILL FOR AN ACT To amend section 391 of title 40 of the Code of the Federated States of Micronesia, (Annotated), as amended, to include the award of scholarships for summer high school academic programs under the jurisdiction of the National Scholarship Board, and for other purposes.

BE IT ENACTED BY THE CONGRESS OF THE FEDERATED STATES OF MICRONESIA: 1 Section 1.
Section 391 of title 40 of the Code of the 2 Federated States of Micronesia, (Annotated), as amended, is hereby 3 amended to read as follows: “391.

Powers and responsibilities of the Scholarship Board.
The Scholarship Board has the following powers and responsibilities: (1) to operate as the sole authority to make post-secondary scholarship, financial aid and grant awards from National appropriations designated for that purpose; (2) to develop detailed guidelines and regulations regarding the application, evaluation, award and monitoring process for post-secondary scholarship and summer high school academic programs, financial aid and grant awards from the National, these guidelines and regulations shall include, but not be limited to: eligibility requirements, basis of award guidelines, priority and award class guidelines, priority areas of CBL 20-27 C.B.
NO.
20-23 study and timing for applications and financial disbursements; (3) to operate and manage the evaluation, award and monitoring of scholarship, financial aid and grant awards based regulations it has developed, to provide for an unbiased, merit based awards system; (4) to plan for the expansion and improvement of the services and awards provided through the Scholarship Board; (5) to coordinate with the State and Local Governments regarding awards of post-secondary scholarship, financial aid and grants; (6) to promote the education and training of students in post-secondary programs; (7) to ensure that proper and complete books of account reflecting all expenses, liabilities and post secondary awards for scholarship, financial aid and grants are prepared.” Section 2.
This act shall act shall become law upon approval 20 by the President of the Federated States of Micronesia or upon its 21 becoming law without such approval.

22 23 Date: 5/18/17 24 25 Introduced by: /s/ Wesley W. Simina Wesley W. Simina 2 of 2