Archive for July 14th, 2011

July 14, 2011

FY 2012 budget bill


                                                                                         ______BILL NO. _______________


To authorize and appropriate the sum of $58,798,000 from the National Treasury for the annual general operating, special revenue, COFA review, and debt service budget of the Republic of Palau for the fiscal year ending September 30, 2012; to authorize and appropriate funds to provide a $20.00 bi-weekly cost-of-living allowance to certain National Public Service System employees; to authorize and appropriate funds to pay outstanding court judgments against the National Government; to authorize and appropriate funds to provide a monthly subsistence stipend to families without any income; to amend 24 PNC §3413 to increase the amount of the environmental protection departure fee and other related matters; to amend 26 PNC §143(b) to make the Vice-President an ex-officio member of the Board of Directors of the National Development Bank; to amend 26 PNC §186(a) to augment the National Development Bank’s annual reporting requirements; to amend 30 PNC §125 to increase the minimum wage paid to  employees; to amend 37 PNC §302(a) to modify the manner in which the P.U.C. bills the National Government; to amend 40 PNC §1101 to change the rates at which wages and salaries are taxed; to amend 40 PNC §1401(a) to increase the excise tax assessed on hotel rooms; to amend Title 40 of the Palau National  Code by adding a section imposing a diving tax; to amend 40 PNC §628 to provide a practical mechanism for emergency procurement; and for  related purposes.

read more »