TITLE 1: GOVERNMENT
DIVISION 2: EXECUTIVE BRANCH
§ 25301. The Establishment of the Settlement Fund Revolving Fund Account. (a) There is hereby established within the Commonwealth Treasury a Settlement Fund Revolving Fund Account which shall be accounted for separately from the General Fund. Funds deposited into the account shall be exclusively used to pay the minimum annual payment pursuant to the Final Amended Stipulation and Settlement Agreement in the NMI District Court Case 1:09-cv-00023. (b) Revenue generated by 4 CMC § 1301 shall first be deposited each fiscal year in the amount detailed below into the Settlement Fund Revolving Fund Account. 2018 $45,000,000 2019 $44,000,000 2020 $43,000,000 2021 $42,000,000 2022 $41,000,000 2023 $40,000,000 2024 $39,000,000 (c) The expenditure authority over the revolving fund is vested in the Secretary of the Department of Finance. Revolving fund monies shall be available for expenditure without further appropriation and without fiscal year limitations. Source: PL 20-33 § 2 (Dec. 15, 2017), modified. Commission Comment: The Commission inserted “Fund” after “Revolving” in the section title. The Commission numbered this section pursuant to 1 CMC § 3806(a). The Commission struck “.00” from dollar amounts in (b) pursuant to 1 CMC § 3806(g).