To be enacted by the Legislature of the State of Yap.
Section 1
The sum of $260,000, 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 Special Education Programs in the Department of Education during Fiscal Year 2026. The sum appropriated shall be deemed from the United States Federal Grants identified as Grant Nos. H027A250005 and H027A250005-25A, issued under Advice of Allotment No. 520Y26005.
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, 2026, and any part of
this appropriation not obligated as of September 30, 2026
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.