2-3
effective date of this Compact.
The Government of the Federated
States of Micronesia, in its use of such funds, shall take into
account the impact of the activities of the Government of the
United States in Yap State, Federated States of Micronesia.
Section 214
As a contribution to efforts aimed at achieving increased
self-sufficiency in energy production, the Government of the United
States shall provide on a current account grant basis for fourteen
years commencing on the first anniversary of the effective date of
this Compact the following amounts:
(a)
To the Government of the Marshall Islands, $2 million
(b)
To the Government of the Federated States of Micronesia,
annually; and
$3 million annually.
Section 215
(a)
As a contribution to the current account operations and
maintenance of communications systems, the Government of the United
States shall provide on a grant basis for fifteen years commencing
on the effective date of this Compact the following amounts:
(L)
(2)
to the Government of the Marshall Islands, $300,000
annually; and
to the Government of the Federated States of Micro- |
nesia, $600,000 annually.
(b)
For the purpose of acquiring such communications hardware
as may be located within the Marshall Islands and the Federated
States of Micronesia or for such other current or capital account
activity as may be selected, the Government of the United States
shall provide, concurrently with the grant assistance provided
pursuant to this Article during the first year after the effective
date of this Compact, the sum of $9 million to be allocated as
follows:
(1)
to the Government of the Marshall Islands,
million; and
$3
{2)
to the Government of the Federated States of
Micronesia, $6 million.
Section 216
(a)
The Government of the United States shall provide on a
current account basis an annual grant of $5.369 million for
fifteen years commencing on the effective date of this Compact for
the purposes set forth below: