< Back to S. 558 (103rd Congress, 1993–1994)

Text of A bill to authorize financial assistance for the Northern Mariana Islands, and for other purposes.

This bill was introduced on March 10, 1993, in a previous session of Congress, but was not enacted. The text of the bill below is as of Mar 10, 1993 (Introduced).

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Source: GPO

S 558 IS

103d CONGRESS

1st Session

S. 558

To authorize financial assistance for the Northern Mariana Islands, and for other purposes.

IN THE SENATE OF THE UNITED STATES

MARCH 10 (legislative day, MARCH 3), 1993

Mr. AKAKA introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources


A BILL

To authorize financial assistance for the Northern Mariana Islands, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

    That the Act of March 24, 1976 (Public Law 94-241; 90 Stat. 263), as amended, is amended by adding the following new section at the end thereof:

    ‘SEC. 6. Pursuant to section 701 of the foregoing Covenant, enactment of this section shall constitute a commitment and pledge of the full faith and credit of the United States for the payment of $120,000,000 of guaranteed amounts of direct grant assistance to the Government of the Northern Mariana Islands for capital infrastructure construction for the seven fiscal years 1994 through 2000, which assistance shall be provided according to the Agreement of the Special Representatives on Future Federal Financial Assistance of the Northern Mariana Islands, executed on December 17, 1992 between the special representative of the President of the United States and the special representatives of the Governor of the Northern Mariana Islands.’