Distribution of Funds

Distribution of Funds. The Secretary of Finance shall prepare a reasonable payment plan to effectuate the retroactive salary adjustment compensation authorized under Public Law 7-31 so that every employee, including former employees, who are entitled to such payment may benefit. Provided that in the event funds are insufficient to accommodate a full disbursement of the entire amount owed to individual employees, the Secretary shall make incremental payments, until paid in full, by proportionately reducing the amounts to be paid to the employees. Source: Saipan LL 13-8, § 3; repealed and reenacted by Saipan LL 13-11, § 4. Commission Comment: Saipan LL 13-11 became effective on January 7, 2003. In addition to appropriation and severability clauses, LL 13-11 contained the following purpose: Section 1. Purpose. The purpose of this Act is to appropriate the funds deposited into a special reserve account for the payment of retroactive salary adjustment compensation pursuant to Public Law 7-31. PL 7-31 is codified as 1 CMC § 8213 et seq.