US Code

Public Law 119-73 (01/23/2026)

48 U.S.C. § 1960

Modification of energy assistance funding

(a)

Fulfillment of United States obligations

The President is authorized to negotiate and conclude an agreement, including the obligation of United States funds, with the Government of Palau which shall provide the following:
(1)
The sum of $28,000,000, adjusted by section 215 of the Compact at the time of its availability to Palau, shall be provided to Palau pursuant to section 211(b) of the Compact and upon entry into force of the Compact.
(2)
Palau shall pay to the United States, on or before the 15th anniversary of the effective date of the Compact, an amount equal to the net economic cost to the United States of making available the section 211(b) funds in the manner specified in this subsection rather than as provided in section 211(b).
(3)
Such economic cost shall reflect the time value of money and be determined using the rate determined for an equivalent loan by the Federal Financing Bank as of the date these funds are advanced, and using an inflation rate consistent with the determinations made under the provisions of section 215 of the Compact.
(4)
If the Government of Palau has not paid such net economic costs to the United States by the 15th anniversary of the effective date of the Compact, then the United States shall be automatically paid such sums from the fund established under section 211(f) of the Compact.
(5)
Public Law 99–349 The provision of section 211(b) funds, as appropriated by and pursuant to this subsection, shall be in fulfillment of all United States obligations under such section 211(b) of the Compact and shall be subject to section 236 of the Compact.
(b)

Adjustment and payment

Public Law 99–349Public Law 99–658Subject to the provisions of subsection (a) and upon the request of the Government of Palau, the sum of $28 million appropriated by to fulfill the obligations of the United States under section 211(b) of the Compact (approved in ), adjusted by section 215 of such Compact, shall be provided to Palau upon entry into force of the Compact.

(c)

Availability of appropriation account

Public Law 101–121Funding provided in under the “Trust Territory of the Pacific Islands” appropriation account shall remain available until expended.

Pub. L. 101–219, title I, § 111103 Stat. 1873(, , .)

Editorial Notes

References in Text

section 201 of Pub. L. 99–658section 1931 of this titleThe Compact, referred to in subsecs. (a) and (b), is the Compact of Free Association between the United States and the Government of Palau, which is contained in , set out as a note under .

section 1931 of this titleFor , as the date the Compact of Free Association with Palau entered into full force and effect, referred to in subsecs. (a)(1), (2), (4) and (b), see Proc. No. 6726, , 59 F.R. 49777, set out as a note under .

Public Law 99–349Pub. L. 99–349100 Stat. 710, referred to in subsecs. (a)(5) and (b), is , , . For complete classification of this Act to the Code, see Tables.

Public Law 99–658Pub. L. 99–658100 Stat. 3672, referred to in subsec. (b), is , , , which is classified generally to part A of this subchapter. For complete classification of this Act to the Code, see Tables.

Public Law 101–121Pub. L. 101–121103 Stat. 701103 Stat. 717, referred to in subsec. (c), is , , . Provisions relating to the Trust Territory of the Pacific Islands appear at . For complete classification of this Act to the Code, see Tables.

Codification

section 1681 of this titleSection was formerly set out as a note under .

Statutory Notes and Related Subsidiaries

Palau Road Maintenance

Pub. L. 110–229, title VIII, § 808122 Stat. 874

section 111 of Public Law 101–21948 U.S.C. 1960“The Government of the Republic of Palau may deposit the payment otherwise payable to the Government of the United States under () into a trust fund if—

“(1)
48 U.S.C. 1931 the earnings of the trust fund are expended solely for maintenance of the road system constructed pursuant to section 212 of the Compact of Free Association between the Government of the United States of America and the Government of Palau ( note); and
“(2)
the trust fund is established and operated pursuant to an agreement entered into between the Government of the United States and the Government of the Republic of Palau.”
, , , provided that: