FSMIS (October 2, 2014): On September 30, 2014, the Federated States of Micronesia Vice President Alik L. Alik signed into law Congressional Act number 18-100, to become public law 18-90.
The new law allows for the extension of the lapse date for funding made available for the operation of the Program Management Unit (PMU) for fiscal year 2014.
The lapse date for this particular operation funding is September 30th. The law allows the use of this funds to extend beyond September 30th, until the money is expended, or the terms for the availability of the grant that provides for the operation funding is met.
PMU's operation grants are part of funds managed by the Office of Insular Affairs, United States Department of the Interior.
PMU oversees the implementation of infrastructure development projects throughout the FSM.