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

Section 1

The sum of $386,508, or so much thereof as may be necessary, is hereby appropriated from the
General Fund of the State of Yap for the purpose of providing funding to Yap Investment Trust to use for
defraying expenses of Diving Seagull, Inc. during Fiscal
Year 2026.

Section 2

Conditions and Restrictions.

Within fourteen working days of this Act being signed into law,
Yap Investment Trust, through the Governor, shall present
a plan for, schedule of, and final analysis for Diving
Seagull, Inc. in going into receivership.

Section 3

Allotment and Management of Funds, and Lapse Date.

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

(2) The allottee 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 authority to obligate the funds appropriated by this Act shall lapse as of
September 30, 2026. Any part of the funds appropriated by this Act not obligated by September 30, 2026 shall
revert to the General Fund of the State of Yap.

Section 4

Reports.

The Yap Investment Trust shall submit a report to the Governor and Legislature no later
than July 09,2026, which shall provide, but is not limited to, full disclosure of the obligations incurred
against the funds appropriated by this Act, the status of
the funds, and the indicated planned uses of any
unexpended funds,

Section 5

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