Be it enacted by the Legislature of the State of Yap.
Section 1
The sum of $1,452,609.60 or so much thereof as may be necessary, is hereby appropriated from
the General Fund of the State of Yap for the purpose of providing funding to fund the purchase of government
equipment during Fiscal Year 2026. The sum shall be apportioned in accordance with the following schedule:
(1) Yap State Seaport Equipment ……$ 1,452,609.60.
(a) Reach Stacker Container
Handler ……………….…….. $ 1,144,000;
(b) Shipping and Insurance
Cost ………………………….….$ 197,740;
(c) Custom & Tax ………………………$53,669.60;
and
(d) Contingency 5% ………………….$ 57,200.
Section 2
Conditions and Restrictions.
(1) The sum appropriated by this Act shall not be advanced to the 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 reimbursement of
payments is prohibited.
(2) All funds appropriated by this Act shall be maintained under the authority of the Director of
Administrative Services.
(3) Funds appropriated by this Act shall not be reprogrammed for any other uses other than what is
specified under Section 1 of this Act.
Section 3
Allotment and Management of Funds, and Lapse Date.
The sum appropriated by this Act shall be allotted to the Governor or designee who shall be
responsible for ensuring these funds are used only for the purposes specified under Section 1 of this Act. The sum appropriated by this Act be administered in accordance with the provisions of applicable law,
including, but not limited to, the State Financial Management Act of 1983 and the State Contracts Act. The
authority to obligate the funds appropriated by this Act shall lapse as of September 30, 2026, and any part of
this appropriation not obligated as of September 30,
2026 shall revert to the General Fund of the State of Yap.
Section 4
Reporst.
The Governor shall submit to the Legislature the performance and financial quarterly
reports for each quarter 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 descriptions of the obligations incurred against
the funds appropriated by this Act, and the status of
the Funds as of the end of the completed quarter.
Section 5
This Act shall take effect upon the approval by the Governor, or upon its becoming law
without such approval.