Bill

To appropriate the sum of $325,000 from the General Fund of the State of Yap for the purpose of professional retainer services for the Governor during Fiscal Year 2025, and for other purposes

YSL 11-98

Proposed by:

Hon. Pius Talimeisei

11th Legislature, 2nd Regular Session 2024, 3rd Regular Session 2025

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

Section 1

The sum of $325,000, 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 professional retainer services for the Governor during Fiscal Year 2025. Such services shall be in regards to the proposed United States of America defense site establishment and development in the State of Yap.

Section 2

Conditions and Restrictions.

(1) The sum appropriated by this Act shall not be advanced unless a duly executed contract has been signed by all parties.

(2) All funds appropriated by this Act shall be maintained under the authority of the Director of the Office of Administrative Services and subject to quarterly payments, the first of which shall be made upon execution of a contract.

(3) Funds herein appropriated shall be allotted in full for contractual services.

Section 3

Allotment and Management of Funds, and Lapse Date.

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

(2) The Governor shall be responsible for ensuring these funds are used only for the purpose specified under Section 1 of this Act. The authority to obligate the funds appropriated by this Act shall lapse as of September 30, 2025, and 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, through an executed contract, and after the first payment pursuant to the contract is made, shall require the performance and financial monthly reports for each month of the contract in the fiscal years no later than the last working day of the month. Each report shall include, but not limited to, complete descriptions of the obligations incurred against the respective apportioned funds appropriated by this Act, and the details of the performance pursuant to contract. Such reports shall be submitted to the Legislature for review.

Section 5

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

Bill Enacted

YSL 11-98

Bill passed: 21 January 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.

Progress of the Legislation

No further information available.

Assigned to Committee

Finance Committee

Bill Introduced

11-117

Date introduced: 6 November 2024.

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.

YAP STATE
LEGISLATURE