Government of the Federated States of Micronesia

Governor of Yap Allottee for Coconut Treeplanting Project

PALIKIR, Pohnpei (FSM Information Service): September 23, 1997 - FSM President Jacob Nena, on October 19, 1997, designated the Governor of the State of Yap as allottee of $75,000 earmarked for Yap copra Treeplanting, and cultural and agricultural projects, according to his letter to FSM Director of Budget.

The $75,000 was one of the items in the $1,411,447 appropriation under Public Law No. 10-23, for Development Budget. $1,111,447 of the total was from the Compact capital account while the balance of $28,000 was from locally raised revenues. The law provides no money for business development loan fund inspite of its title of development budget.

FSM President is the allottee of all funds appropriated, but he may designate a sub-allottee and he has designated Yap Governor as allottee in this particular instance.


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
e-mail: fsmpio@mail.fm
http://www.fsmpio.fm/