4-10
(j)
“Capital Account" means, for each year of the Compact,
those portions of the total grant assistance provided in Article
I of Title Two, adjusted by Section 217, which are to be obligated
for:
(1)
the construction or major repair of capital
infrastructure; or
(2)
public and private sector projects identified in the
official overall economic development plan.
(k)
“Current Account” means, for each year of the Compact,
those portions of the total grant assistance provided in Article I
of Title Two, adjusted by Section 217, which are to be obligated
for recurring operational activities including infrastructure
maintenance as identified in the annual budget justifications
submitted yearly to the Government of the United States.
(1)
“Official Overall Economic Development Plan" means the
documented program of annual development which identifies the
specific policy and project activities necessary to achieve a
specified set of economic goals and objectives during the period
of free association, consistent with the economic assistance
authority in Title Two.
Such a document should include an
analysis of population trends, manpower requirements, social
needs, gross national product estimates, resource utilization,
infrastructure needs and expenditures, and the specific private
sector projects required to develop the local economy of the
Marshall Islands or the Federated States of Micronesia.
Project
identification should include initial cost estimates, with project
purposes related to specific development goals and objectives.
(m)
“Tariff Schedules of the United States" means the Tariff
Schedules of the United States as amended from time to time and as
promulgated pursuant to United States law and includes the Tariff
Schedules of the United States Annotated (TSUSA), as amended.
(n)
“Vienna Convention on Diplomatic Relations" means the
Vienna Convention on Diplomatic Relations, done April 18, 1961, 23
U.S.T. 3227, T.I.A.S. 7502, 500 U.N.T.S. 95.
Section 462
The Government of the United States and the Government of the
Marshall Islands or the Federated States of Micronesia, as
appropriate, shall conclude related agreements which shall come
pnte effect and shall survive in accordance with their terms,
ollows:
as