Source: http://fsmlaw.org/chuuk/code/title17/T17_Ch18.htm
Timestamp: 2019-04-24 00:09:26+00:00

Document:
§ 1602. Area of service.
§ 1603. Purpose of Authority.
§ 1604. Board of Directors.
§ 1605. Powers of the Authority.
§ 1606. Suits and Legal Representation.
§ 1610. Budget and Finance Officer.
§ 1611. Accounts and records.
§ 1612. Taxation of the Authority.
§ 1614. Notification to Municipal Governments regarding projects.
§ 1615. Land acquisition and relocation assistance.
The Witto Resources and Development Authority is hereby established as a public corporation under the laws for the State of Truk Chuuk and the Federated States of Micronesia. The principal office of the Authority shall be at a location determined by the Board.
Source: TSL 5-69, § 1.
Editor's note: TSL 5-69 which created this chapter was signed into law by the Governor on August 1, 1983.
Source: TSL 5-69, § 2.
The Authority shall identify the development needs of its area of service, and shall promote, by its own activity and that of others, economic development in coordination and cooperation with state and national governments, and private and cooperative enterprises.
Source: TSL 5-69, § 3.
(1) Establishment. There shall be a Board of Directors of the Witto Resources and Development Authority which shall have general management and control over the Authority.
(2) Composition. The Board shall be composed of six members, who shall be appointed by magistrates from each of the municipalities, except that Ulul municipality will have two representatives. All appointments are subject to the advice and consent of their respective municipal councils.
The first meeting of the Board shall be called by the State Senator representing the area, or in his absence the National Senator representing the area, who shall preside at such meeting until the officers named in Subsection (7) of this Section have been elected.
(5) Vacancies. Each vacancy on the Board shall be filled for the unexpired portion of the term in the same manner as originally filled. Upon a determination that a vacancy exists, the Chairman, or in his absence, the Vice-chairman shall issue a notice of vacancy to all members of the Board and to the municipality filling the vacancy.
(b) Removal of a member shall be by a three-fourths majority vote of all other members of the Board. Notification of intent to call for removal pursuant to this section shall be made at least 30 thirty days in advance, by means which shall be described in the bylaws of the this Authority, and shall include a summary of the basis of the charges against the member and identification of the witnesses to be called and evidence to be used.
(c) The Chuuk State Supreme Court of the State of Truk shall have jurisdiction to hear claims of wrongful removal.
(7) Officers. The Board shall elect from among its members a Chairman, Vice-Chairman, and Secretary-Treasurer. The Chairman shall ordinarily preside at board meetings. In his absence the Vice-Chairman shall preside. In the absence of both, the Secretary-Treasurer shall preside. The bylaws shall designate the presiding officer in the absence of these officers.
(8) Regular Meetings. Regular meetings shall be held not less than once per calendar quarter, at such time and place as shall from time to time be determined by the Chairman upon notice as shall be provided by the bylaws.
(10) Quorum. A quorum of all regular and special meetings and business of the Board shall be four (4) members.
Source: TSL 5-69, § 4, as amended by TSL 5-97, § 1, modified.
Editor's note: TSL 5-97 which amended this section was signed into law by the Governor on July 2, 1984.
Source: TSL 5-69, § 5.
Source: TSL 5-69, § 6.
Source: TSL 5-69, § 7.
The Board shall prepare and submit a budget for the Authority for each fiscal year, in the manner provided by law for the preparation and submission of budgets of departments and offices in the State Government of Truk Chuuk. Over-obligation and over-expenditure of funds are prohibited, and shall be punishable in the same manner as provided for the State Government of Truk Chuuk.
Source: TSL 5-69, § 8.
There shall be an Executive Director of the Authority, who shall be appointed by the Board to serve at its pleasure. The Board shall establish the salary of the Executive Director. The Executive Director shall be responsible for the management of the programs, projects, and other activities of the Authority, and shall employ, supervise, and terminate the employees of the Authority in accordance with general terms and rules of employment by the Board, except as provided in Section 1610 10 of this Act Chapter.
Source: TSL 5-69, § 9, modified.
The Executive Director shall appoint, with the concurrence of the Board, a Budget and Finance Officer, for such terms as shall be provided in the bylaws. The Budget and Finance Officer shall receive and disburse all funds of the Authority. Before entering into his duties, he shall execute, at the expense of the Authority, a good and sufficient bond in the sum of not less than $10,000, or so much greater sum as may be established by the Board. Said bond shall be made with one or more sufficient sureties authorized to do business in the Federated States of Micronesia; and shall be approved as to form by the Attorney General of Chuuk Truk State. The Budget and Finance Officer shall serve at all times under the direct supervision of the Executive Director.
Source: TSL 5-69, § 10.
The Board and the Executive Director shall be jointly responsible to ensure that the Budget and Finance Officer prepares proper and complete books of accounts reflecting all income, expenditures, assets, and liabilities of the Authority, including appropriations, grants, and property. The Board, not later than 60 sixty days after the close of each fiscal year, shall submit to the Governor and the President and Speaker of the Legislature a complete report showing the activities of the Authority during the fiscal year, the present condition of the Authority, and such other matters as the Board shall deem appropriate. The Auditor, or if there be no such officer, a licensed accountant appointed by the Board, shall inspect and audit all accounts of the Authority at least annually, and report thereon to the Governor and the President and Speaker of the Legislature.
Source: TSL 5-69, § 11, modified.
To the extent that the legislative capacity of the State Government can prescribe, the Authority shall be treated as a governmental entity with regard to its functions that are governmental in character. With respect to such functions that the Authority may undertake that are commercial in character, the Authority shall be treated as a non-profit commercial enterprise.
Source: TSL 5-69, § 12.
(4) The Truk Chuuk State Government shall provide to all former employees of the Authority, who shall have terminated their employment in good standing, such rights of employment and seniority as their service to the Authority, as well as prior government service, would entitle them as if all such service were with the Truk Chuuk State Government, the Government of the Federated States of Micronesia, or the Trust Territory Government.
Source: TSL 5-69, § 13, modified.
Source: TSL 5-69, § 14.
(2) The Authority shall promptly notify the State Government whenever it requires use or acquisition of private real property of the State or the Public Lands Authority. The notification shall describe with specificity the property to be used or acquired, the reasons for its need, the extent and duration of possession required, alternative possibilities that have been considered and rejected and the reasons therefor, and the date by which such acquisition or use is expected to commence. Any rights in private property acquired for the benefit or use of the Authority shall be held by the State Government, except as otherwise specifically provided by law.
Source: TSL 5-69, § 15, modified.
(3) Present the fiscal support requirements of the Witto Resources and Development Authority for the next fiscal year.
Source: TSL 5-69, § 17, modified.

References: § 1603

§ 1604

§ 1605

§ 1606

§ 1610

§ 1611

§ 1612

§ 1614

§ 1615
 § 1
 § 2
 § 3
 § 4
 § 1
 § 5
 § 6
 § 7
 § 8
 § 9
 § 10
 § 11
 § 12
 § 13
 § 14
 § 15
 § 17