TITLE 10: LOCAL LAWS
DIVISION 3: THIRD SENATORIAL DISTRICT (SAIPAN, ETC.)
§ 3822. Funding Priority. The Secretary of Finance shall disburse 50% of the fees collected pursuant to 10 CMC § 3821 to the SHEFA account no later than April 15th which shall be disbursed to all qualified applicants for the fall semester and the remaining 50% shall be disbursed to the same account no later than August 15th of each year which shall be disbursed to all qualified applicants for the spring semester. Provided, however, that the disbursements to the SHEFA account shall not exceed the continuing appropriation pursuant to Section 5(b) of Saipan Local Law No. 13-21 as amended by Saipan Local Law 14-28. All other appropriations shall be allotted proportionately. Source: Saipan LL15-3, § 2. Commission Comment: SLL 15-3 was enacted on April 28, 2006, and contained the following findings and purpose provision, in addition to severability and savings clauses: Section 1. Findings and Purpose. The Legislature finds that the quarterly payments of the local poker fees hinder the complete funding of the Saipan Higher Education Financial Assistance (SHEFA) program and certain projects. Due to the quarterly collection, SHEFA and other appropriation measures could not be funded the total amounts appropriated. As such, the Secretary of Finance, at his own discretion, divides the collected fees and partially funds the projects he deems is a priority. The purpose of this Act is to mandate that the SHEFA program shall have first priority to the funds collected from the local poker fees for the Third Senatorial District.