Government of the Federated States of Micronesia

Kosrae Poultry National Project as a Revolving Fund

PALIKIR, Pohnpei (FSM Information Service): March 20, 1998 - President Jacob Nena, on March 13th, transmitted to Congress Speaker a proposed amendment to PL No. 8-75 as amended, to specify that the $35,000 previously appropriated for Kosrae Poultry National Project be kept as a revolving fund instead.

"I believe the appropriate mechanism to obtain maximum mileage out of the funds is to keep it in a revolving fund for an ongoing poultry project" Nena told Fritz. The law designated the President as the allottee of the fund.

Nena requested congress for a favorable action on the bill.

For further information on this release, please contact:

FSM Office of the President
Public Information: Press, Radio, Video
P.O Box 34
Palikir Station, Pohnpei, FM 96941
Tel.: (691) 320-2548/2092
Fax.: (691) 320-4356