YAP STATE
LEGISLATURE

Committee

Finance Committee

Reviews and develops legislation related to the state budget, taxation, appropriations, and fiscal policy that determines how Yap State raises and spends public funds.

This committee holds critical responsibility for Yap State’s financial health and fiscal management. The committee examines all legislation with budgetary implications, reviews the state budget proposal, and provides oversight of how public money is collected and spent to serve the people of Yap.

The committee’s primary responsibility is reviewing the annual state budget submitted by the Governor. Members analyze proposed expenditures across all government departments and programs, evaluate revenue projections, and recommend adjustments to ensure the budget is balanced, realistic, and aligned with state priorities. This comprehensive review ensures public funds are allocated responsibly and effectively.

On revenue matters, the committee considers legislation affecting state taxes, fees, licenses, and other sources of government income. The committee examines how revenue measures impact citizens and businesses while ensuring the state has adequate resources to provide essential services.

Regarding appropriations, the committee reviews all bills requiring state funding, assessing whether proposed expenditures are justified, affordable, and serve the public interest. The committee also monitors spending throughout the year to ensure appropriated funds are used as intended.

The committee provides oversight of financial management practices across state government, working to promote transparency, accountability, and sound fiscal stewardship. This includes reviewing financial reports, examining procurement practices, and addressing concerns about government spending.

The committee holds public hearings on the state budget and major fiscal legislation, providing citizens the opportunity to comment on spending priorities and revenue proposals. These hearings are essential to ensuring budget decisions reflect community values and needs.

Committee meetings are open to the public unless discussing matters requiring confidentiality. Meeting schedules and agendas are posted in advance on this website and at the Legislature building.

Members of Committee

Pius Final Portraits

Hon. Pius Talimeisei

Chairman
Laamar Final Portrait

Hon. Anne-Marie Laamar

Vice Chairman
Vice Speaker Final Portrait

Hon. Theodore “Ted” Rutun

Member

Bills Assigned

Bill
In Progress
To appropriate the sum of $28, 101 from the General Fund of the State of Yap for the purpose of providing funding to fund the Special Election in Election District No. 3 during Fiscal Year 2025, and for other purposes.
11-128
– Introduced: 24 Feb 2025
Bill
In Progress
To appropriate the sum of $391,232 from the General Fund of the State of Yap for the purpose of providing funding to fund St. Mary School to Archive Office Student New Walkway Project during Fiscal Year 2026, and for other purposes.
11-218
– Introduced: 7 Apr 2026
Bill
In Progress
To appropriate the sum of $28,024,698 from the Yap State Fiscal Year 2027 financial estimates in Yap State Treasury for the purpose of funding government operations, programs and projects in the State of Yap during Fiscal Year 2027, and for other purposes.
11-210
– Introduced: 18 Mar 2026
Bill
In Progress
To further amend Title 13 of the Yap State Code, by amending Section 1003 to amend provision on submission of the annual government budget, and for other purposes.
11-209
– Introduced: 14 Mar 2025
Bill
In Progress
To appropriate $13,600 from the General Fund of the State of Yap for the purpose of providing funding to fund charter flights to the Woleai Airport handover ceremony during Fiscal Year 2026, and for other purposes.
11-196
– Introduced: 5 Feb 2026
Bill
In Progress
To authorize the extension of funds previously appropriated under Yap State Law No. 10-96, Yap Water Storage Tank Project, and for other purposes.
11-194
– Introduced: 22 Jan 2026
Bill
Passed
To further amend Yap State Law No. 11-130, as amended, by amending the Title and Section 1, as amended by Yap State Law Nos. 11-147, 11-157 and 11-173, to appropriate the additional sum of $205,762 from the Yap State Fiscal Year 2026 financial estimates in General Fund for the purpose of providing supplemental funding for government operations and programs during Fiscal Year 2026, by amending Section 2 for the purpose of approving reprogramming of funds, and for other purposes.
YSL 11-181
– Passed: 7 May 2026
Bill
Passed
To appropriate the sum of $2,620.64, previously appropriated by Yap State Law No. 11-117, from the Special Revenue Fund of the State of Yap for the purpose of providing remaining funding for Small Business Development Center (SBDC) during Fiscal Year 2026, and for other purposes.
YSL 11-171
– Passed: 18 Mar 2026