Revenues Derived From Local Revenue Laws

Revenues Derived From Local Revenue Laws. (a) There is hereby established the following local fund accounts for each of the Senatorial Districts: (1) Rota Local Funds, (2) Tinian Local Funds, and (3) Saipan Local funds. (b) All revenues derived from local revenue laws shall be deposited into the local fund account according to the Senatorial District where the revenues are derived and shall be available for appropriation in local appropriation laws enacted by the legislative delegation from which district the revenues are derived. A decision by the legislature to approve or reject a proposed expenditure preempts a decision on the same expenditure for the same fiscal year by the legislative delegation. (c) Notwithstanding any laws to the contrary, the unobligated balance of any expired local appropriation shall be withdrawn and revert to the respective local fund account from which the appropriation was made if the local appropriation law does not provide otherwise. (d) Notwithstanding any laws to the contrary, the fund balance for scholarships at the end of the fiscal year shall be carried forward to the following fiscal year and shall be available without further appropriation. Source: PL 3-77, § 8; repealed and reenacted by PL 14-74, § 1. Commission Comment: Public Law 14-74 took effect on June 17, 2005 and contained severability and savings clause provisions.