FSM CONGRESS PASSES $2.9 MILLION CAPITAL

News Release Yap State Government Colonia, Yap Dec. 22, 2010

BUDGET

The Congress of the Federated States of Micronesia (FSM) has passed Public Law 16-49, which appropriates US$2,940,000 from the FSM general fund for funding projects and programs in the four states.

Yap will receive US$420,000.

Seven public projects by communities have been chosen by the Yap delegation for funding amounting to US$260,000 or US$160,000 less than the total amount.

These projects were not submitted through the state for prioritizing but were directly from the communities.

Following this appropriation, the state Infrastructure Planning and Implementation Committee is tasked to assigned several administrative agencies from the state to handle the various projects.

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