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

Section 1

The sum of $44,817.65, or so much thereof as may be necessary, is hereby appropriated from the Special Revenue Fund of the State of Yap for the purpose of providing funding to fund Historic Preservation Office operations during Fiscal Year 2026. The sum appropriated shall be deemed from Grant No. P25AF00371-00 and issued by Advice No. 52¥25025.

Section 2

Conditions and Restrictions.

(1) Funds appropriated by this Act shall not be available for obligation for their planned uses by the agency until the respective grant cash amounts have been drawn down by the State and are deposited in their respective State accounts and available for disbursement.

(2) 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 reimbursements for payments is prohibited.

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

Section 3

Allotment and Management of Funds, and Lapse Date.

The sum appropriated by this Act shall be allotted to the Governor 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 shall 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, 2027, and any part of this appropriation not obligated as of September 30, 2027 shall revert to the Special Revenue Fund of the State of Yap.

Section 4

Reports.

The Governor shall submit to the Legislature the performance and financial quarterly reports for each bi-annually in each fiscal year no later than twenty days after the end of the second quarter.

Each 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 first two quarters and end of the respective fiscal year.

Section 5

This Act shall take effect upon its approval by the Governor, or upon its becoming law

without such approval.