FSMC, TITLE 55.  GOVERNMENT FINANCE & CONTRACTS
 
 
 
Chapter 9:  Sale of Code
and Supplements

Subchapters:
I:       Code
II:      First Supplement
III:     Second Supplement
 
 

Subchapter I:  Code

901.   Authorized.
902.   Proceeds of sale.

      901.  Authorized.
     Copies of the Code of the Federated States of Micronesia, provided for by contract between the National Government and Book Publishing Company entered into on September 22, 1981, shall be made available for sale to the branches and agencies of the National and State governments of the Federated States of Micronesia, other entities, and members of the public who may desire them.  The price of the code for such sale shall be $85 per two-volume set.

Source:  PL 2-57 1.

      902.  Proceeds of sale.
     Any proceeds of sales authorized by section 901 of this subchapter shall be deposited in the General Fund of the Federated States of Micronesia.

Source:  PL 2-57 2.
 
 
 

Subchapter II:  First Supplement

903.   Authorization for sale of First Supplement to the Code.
904.   Proceeds of sale.

      903.  Authorization for sale of First Supplement to the Code.
    Copies of the First Supplement to the Code of the Federated States of Micronesia provided for by contract between the National Government and Book Publishing Company shall be made available for sale to the branches and agencies of the National and State governments of the Federated States of Micronesia, other entities, and members of the public who may desire them.  The price of the supplement for such sale shall be $20 per two-volume set.

Source: PL 4-40 1.

      904.  Proceeds of sale.
     Any proceeds of sales authorized by section 903 of this subchapter shall be deposited in the General Fund of the Federated States of Micronesia.

Source: PL 4-40 2.

Cross-reference:  For provisions on the Code of the Federated States of Micronesia, see 220 to 234 of title 1 (General Provisions) of this code.
 
 
 

Subchapter III:  Second Supplement

920.   Authorization for sale of 1997 edition of F.S.M.C.
921.   F.S.M.C. Special Fund Established.
922.   Purpose.
923.   Deposits.
924.   Expenditures and Accounting.
925.   Allottee.

      920.  Authorization for sale of 1997 edition of F.S.M.C.

    (1)   The sale of the 1997 edition of the Code of the Federated States of Micronesia to the public is hereby authorized.

    (2)   The sale price of the 1997 edition of the code shall be determined by the presiding officer of the Congress of the Federated States of Micronesia, who shall take into account the anticipated public demand for the code, as well as the costs associated with completing and publishing it.

    (3)   The sale price of the 1997 edition of the F.S.M.C. shall be set with the intent:

    (a)   to recover the costs of publishing, and

    (b)   to allow for appropriately timed supplements or updates to be completed and published.

Source: PL 9-62 4; amended by PL 10-25 18.

Cross-reference:  For provisions on the Code of the Federated States of Micronesia, see 220 to 234 of title 1 (General Provisions) of this code.  For the statutory provision on the legal status of laws included in the F.S.M.C. enacted after the first supplement, see 6 F.S.M.C. 1303.

      921.  F.S.M.C. Special Fund Established.
     There is hereby created and established, the F.S.M.C. Special Fund, referred to in this subchapter as the Fund, separate from the General Fund of the Federated States of Micronesia and all other funds.

Source: PL 9-62 5, modified.

      922.  Purpose.
     The purpose of the Fund is to establish an ongoing fund to allow for the receipt of revenues from the sale of the 1997 edition of the Code of the Federated States of Micronesia and any supplement, update, pocket part, or other addition of the F.S.M.C. and any future appropriations to be used for the preparation and publication of additional supplements, updates, pocket parts, or other additions to the F.S.M.C.

Source: PL 9-62 4; amended by PL 10-25 19.

Cross-reference:  For the statutory provisions of other funds separate from the General Fund, see chapter 6 (Funds) of this title.

      923.  Deposits.
     All future appropriations from the General Fund for the cost of producing supplements, updates, pocket parts, or other additions to the 1997 edition of the F.S.M.C., and all revenues received from the sale of the 1997 edition of the F.S.M.C. and further supplements, updates, pocket parts or other additions to the F.S.M.C. shall be deposited into the Fund.  Any unexpended monies in this Fund shall not revert to the General Fund unless Congress dissolves the Fund.

Source: PL 9-62 4; amended by PL 10-25 20.

      924.  Expenditures and Accounting.

    (1)   As part of each years budget, Congress may appropriate such amount as it deems proper for the purpose of authorizing expenditures from the Fund.  It may also appropriate an amount of money to be transferred from the General Fund to this Fund to meet these expenditures. In the event that the Fund has insufficient funds in it to meet any obligations, no obligation shall be incurred or expenditure allowed.

    (2)   The Fund shall be accounted for and administered in accordance with the applicable provisions of this title 55 of this code.

Source: PL 9-62 8, modified.

      925.  Allottee.
     The Speaker of the Congress of the Federated States of Micronesia is hereby designated the allottee of the Fund.

Source: PL 9-62 9.
                                                                                                                                                                                                                                                                                                           
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