[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 558 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 558

To authorize financial assistance for the Northern Mariana Islands, and 
                          for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

               March 10 (legislative day, March 3), 1993

   Mr. Akaka introduced the following bill; which was read twice and 
       referred to the Committee on Energy and Natural Resources

_______________________________________________________________________

                                 A BILL


 
To authorize financial assistance for the Northern Mariana 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 the Act of March 24, 1976 (Public Law 94-241; 90 Stat. 263), as 
amended, is amended by adding the following new section at the end 
thereof:
    ``Sec. 6. Pursuant to section 701 of the foregoing Covenant, 
enactment of this section shall constitute a commitment and pledge of 
the full faith and credit of the United States for the payment of 
$120,000,000 of guaranteed amounts of direct grant assistance to the 
Government of the Northern Mariana Islands for capital infrastructure 
construction for the seven fiscal years 1994 through 2000, which 
assistance shall be provided according to the Agreement of the Special 
Representatives on Future Federal Financial Assistance of the Northern 
Mariana Islands, executed on December 17, 1992 between the special 
representative of the President of the United States and the special 
representatives of the Governor of the Northern Mariana Islands.''

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