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

Section 1

The sum of $144,252, 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 the Yap Cooperative Forestry program in the Division of Agriculture and Forestry, Department of Resources and Development, during Fiscal Year 2026. The funds are pursuant to Grant Award No. 25- IG- 11052021-262, which began on September 5, 2025 and ending September 30, 2029.

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 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.

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, 2029, and any part of
this appropriation not obligated as of September 30, 2029
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 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.