This Act amends Title 55 of the Code of the Federated States of Micronesia with respect to the Trust Fund of the FSM. It provides for restructuring of the Fund and divides the Fund into Account A and Account B. The purpose of the Account A and Account B portion of the Fund is to create a disciplined approach to ensure the protection of the Fund’s Real Value into perpetuity while providing a sustainable source to supplement the needs of the General Fund. All contributions to the Fund shall be deposited in Account A. Account B shall serve as a back-up account for Account A.
Micronesia (Federated States of) · 2016-03-04