YAP STATE
LEGISLATURE

Bill

To appropriate the sum of $1 from the General Fund of the State of Yap for the purpose of purchasing the MV Hapilmohol I from the FSM National Government during Fiscal Year 2025, and for other purposes

YSL 11-108
Proposed by:
11th Legislature, 3rd Regular Session 2025

Be it enacted by the Legislature of the State of Yap.

Section 1

The sum of $1, or so much thereof as may be necessary, is hereby appropriated from the General Fund of the State of Yap for the purpose of funding the purchase of the MV Hapilmohol I from the FSM National Government for the State of Yap during Fiscal Year 2025.

Section 2

Conditions and Restrictions.

(1) The sum appropriated by this Act shall not be advanced to any agency. Memorandum of agreement (MOA) or other forms of agreement the purpose of which is to obligate and disburse to the agency any amounts from the sum appropriated herein, including reimbursements for payments is prohibited.

(2) All funds appropriated by this Act shall be maintained under the authority of the Director of the Office of Administrative Services.

Section 3

Allotment and Management of Funds, and Lapse Date.

(1) The sum appropriated by this Act shall be allotted to the Governor, or his designee.

(2) The Governor shall be responsible for ensuring these funds are used only for the purpose specified under Section 1 of this Act. The sum appropriated by this Act shall be administered in accordance with the provisions of applicable law, including, but not limited to, the State Financial Management Act of 1983, the State Contracts Act, unless otherwise provided by this Act. The authority to obligate the funds appropriated by this Act shall lapse as of September 30, 2025. Any part of this appropriation not obligated as of September 30, 2025, shall revert to the General Fund of the State of Yap.

Section 4

Reports.

The Governor shall submit to the Legislature the performance and financial quarterly reports for each of the quarters in each fiscal year no later than twenty days after the end of each quarter. Each quarterly report shall include, but not limited to, complete description of the obligation incurred against the funds appropriated by this Act.

Section 5

Effective date.

This Act shall take effect upon the approval by the Governor, or upon its becoming law without such approval.

Bill Enacted

YSL 11-108
Bill passed: 26 February 2025.

The attached file is a copy of the bill that was signed into law by the legislature. In any case of dispute, the authoritative copy of the legislation shall always be considered to be the copy that is held by the records office of the Yap Legislature.

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Progress of the Legislation

No further information available.

Assigned to Committee

Finance Committee

Bill Introduced

11-132
Date introduced: 24 February 2025.

Download the original version of the bill that was introduced to the legislature. This downloadable PDF always takes precedence over the text description of the bill on this page.

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