FSMC, TITLE 32. BUSINESS REGULATIONS | ||
Chapter 6: Lateritic Soil
Development Franchises
§ 601. Agreements authorized.
§ 602. Contents of agreement.
§ 603. Appropriation.
§ 604. Administration of appropriation.
§ 605. Annual report to Congress.
§ 606. Use of funds.
The Secretary of Resources and
Development of the Federated States of Micronesia is authorized and
directed to undertake development of lateritic soils and other resources
utilizing domestic or foreign expertise, including, but not limited to,
entering into a franchise agreement with a foreign or domestic business
venture, which is referred to in this chapter as “company,” for the
purpose of securing franchise rights for the Federated States of
Micronesia to use patented methods relating to lateritic soil in the
process of manufacturing bricks, blocks, roofing tile, and floor tile, as
well as all other building components. All negotiations with the
selection of such company shall be made in accordance with applicable
laws, U.S. Secretary of Interior Orders, and standard Federated States of
Micronesia procedures for businesses entering into franchise agreements
with the Federated States of Micronesia.
Source: PL 6-132 § 1; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
In the event the Secretary of
Resources and Development elects to enter into a franchise agreement
pursuant to section 601 of this chapter, the franchise agreement shall
provide sufficient latitude to the company to establish and put in
operation a pilot plant in one of the States of the Federated States of
Micronesia, using lateritic and other soil deposits in the Federated
States of Micronesia; to train residents of the Federated States of
Micronesia to operate such a plant; and to determine the feasibility of
constructing and operating similar plants at other locations in the
Federated States of Micronesia. The company shall furnish
information to the Secretary of Resources and Development as to the cost
estimate of all equipment involved in the industrial process, given the
size of the plant specified by the Secretary of Resources and Development;
approximate shipping cost from the place of origin to the Federated States
of Micronesia; and approximate cost of installation under the supervision
of an engineer of the company. The Secretary of Resources and
Development shall seek to include in the agreement such conditions and
terms as will be required by the company to research the possibilities of
firing limestone locally for hydrated lime, or producing other materials
required in the industrial process. The Secretary of Resources and
Development is authorized to include such other and additional conditions,
terms, limitations and stipulations as he shall deem necessary, proper or
appropriate and acceptable to the company. The Secretary of
Resources and Development is authorized to conduct negotiations with the
State governments concerning the location of the pilot plant and to
consider previous recommendations relating to the location of the pilot
plant.
Source: PL 6-132 § 2; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
The sum of $100,000, or so much
thereof as may be necessary, is appropriated from the General Fund of the
Federated States of Micronesia for the fiscal year ending September 30,
1982, for the purpose of carrying out the provisions of this
chapter.
Source: PL 6-132 § 3; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
The Secretary of Resources and
Development shall administer and expend the sum herein appropriated solely
for the purpose of this chapter.
Source: PL 6-132 § 4; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
The Secretary of Resources and
Development shall submit to the Congress of the Federated States of
Micronesia, an annual report of his activities pursuant to this chapter,
with his recommendations as to additional ways and means to better
effectuate the provisions of this chapter.
Source: PL 6-132 § 5; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
All funds appropriated by this
chapter shall be allotted, managed, administered, and accounted for in
accordance with applicable law, including, but not limited to the
Financial Management Act of 1979. The allottee shall be responsible
for ensuring that these funds, or so much thereof as may be necessary, are
used solely for the purpose specified in this chapter, and that no
obligations are incurred in excess of the sum appropriated. The
authority of the allottee to obligate funds appropriated by this chapter
shall lapse as of September 30, 1983.
Source: PL 6-132 § 6; PL 1-55 § 1(part); PL 1-119 § 1(part); PL 2-52 § 1(part).
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