Title 48 › CHAPTER 18 — MICRONESIA, MARSHALL ISLANDS, AND PALAU › SUBCHAPTER IV — MICRONESIA, MARSHALL ISLANDS, AND PALAU: 2023 AGREEMENTS › § 1989
Federal agencies must get money directly to carry out certain Compact obligations, services, and programs. The covered programs are those listed in the 2023 Amended U.S.–FSM Compact, the 2023 Amended U.S.–RMI Compact, the U.S.–Palau Compact, the 2023 U.S.–Palau Compact Review Agreement, any FDIC agreements with Palau, and the matters in 48 U.S.C. 1988. Agency heads and the FDIC may do whatever is needed to meet those obligations and may use the available funds to do it. Any help given under the listed grant and assistance provisions is extra and not counted against the payments the U.S. must make to the Federated States of Micronesia, the Marshall Islands, or Palau under the 2023 compacts or related agreements. Leftover balances for specified FSM sections (211, 212(b), 215, 217) must be handled under Article IX of the FSM Fiscal Procedures Agreement, and leftover balances for specified RMI sections (211, 213(b), 216, 218) must be handled under Article XI of the RMI Fiscal Procedures Agreement. Contributions under the 2023 compacts and review agreement may be given as U.S. grants, and funds under 48 U.S.C. 1990 may earn interest that stays in the account for the same purpose. Except where said otherwise, this does not change certain earlier Compact laws and related statutes. Finally, funds put into the FSM and RMI trust funds or made available as grants for FY2024 or later will be governed by the new 2023 trust and fiscal procedures agreements when those agreements take effect, with a few specified modifications for federal programs and services.
Full Legal Text
Territories and Insular Possessions, Source: USLM XML via OLRC
Legislative History
Reference
Citation
48 U.S.C. § 1989
Title 48, Territories and Insular Possessions
Last Updated
Sep 23, 2026
Release point: 119-110