Page:United States Statutes at Large Volume 90 Part 1.djvu/349

 PUBLIC LAW 9 4 - 2 5 5 — A P R. 1, 1976

90 STAT. 299

Public Law 94-255 94th Congress An Act To amend section 2 of the Act of June 30, 1954, providing for the continuance of civil government for the Trust Territory of the Pacific Islands, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 2 of the Act of June 30, 1954 (68 Stat. 330), is amended by deleting "plus such sums as are necessary, but not to exceed $10,000,000, for each of such fiscal years, to offset reductions in, or the termination of. Federal grant-in-aid programs or other funds made available to the T r u s t Territory of the Pacific Islands by other Federal agencies", and inserting in lieu thereof the following: "for fiscal year 1976, $80,000,000; for the period beginning July 1, 1976, and ending September 30, 1976, $15,100,000; for fiscal year 1977, $80,000,000; and such amounts as were authorized but not appropriated for fiscal year 1975, and u p to but not to exceed $8,000,000 for the construction of such buildings as are required for a four-year college to ser\-e the Micronesian community (no appropriations for the construction of such buildings shall, however, be made (A) until, but not later than one year after the date of the enactment of this Act, the President causes a study to be made by an appropriate authority to determine the educational need and the most suitable educational concept for such a college and transmits such study, together with his reconmiendations, to the Connnittees on Interior and Insular Affairs of the Senate and House of Representatives of the United States within said one year period and (B) until 90 calendar days after the receipt of such study and recommendations which shall be deemed approved unless specifically disapproved by resolution of either such committee), and $1,800,000 for a human development project in the Marshall Islands plus such smns as are necessary, but not to exceed $10,000,000, for each of such fiscal years, or periods, to offset reductions in, or the termination of, Federal grant-inaid programs or other funds made available to the T r u s t Territory of the Pacific Islands by other Federal agencies, which amounts for each such fiscal year or other period shall be adjusted u p w a r d or downward and presented to the Congress in the budget document for the next succeeding fiscal year as a supplemental budget request for the current fiscal year, to offset changes in the purchasing power of the United States dollar by multiplying such amounts by the Gross National P r o d u c t Implicit Price Deflator for the t h i r d quarter of the calendar year numerically preceding the fiscal year or other period for which such supplemental appropriations are made, and dividing the resulting product by the Gross National Product Implicit Price Deflator for the t h i r d quarter of the calendar year 1974,".

Apr. 1, 1976 [H.R. 12122]

Trust Territory of the Pacific Islands. Civil government, continuance. Appropriation. 48 USC 1681 note.

Micronesian college, study, report to congressional committees.

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