Gov. Eloy S. Inos submitted errata sheets to the Legislature to ensure that $315,192 in his proposed $3.930-million fiscal year 2015 budget for Northern Marianas College is \u201cfunded by general fund appropriations\u201d to meet maintenance-of-effort requirements. Meanwhile, House Ways and Means Committee chair Rep. Tony Sablan (Ind-Saipan) said the panel is now deliberating on a fiscal year 2015 budget bill for presentation to the full House.<\/p>\n
The governor said that of the $315,192 moved to NMC, $165,192 was \u201cadjusted\u201d from Finance\u2019s Electronic Data Processing Division, and $150,000 from the Commonwealth Scholarship Office.<\/p>\n
Inos clarified that the errata sheets he sent on Friday do not change the total revenues available for appropriation for fiscal year 2015.<\/p>\n
\u201cThe adjustments made are to accommodate the maintenance-of-effort allocation to the Northern Marianas College amounting to $315,192, as this should be funded by general fund appropriations,\u201d Inos told House Speaker Joseph Deleon Guerrero (Ind-Saipan) and Senate President Ralph Torres (R-Saipan).<\/p>\n
The U.S. Department of Education required MOE funding when it gave the CNMI $44 million in American Recovery and Reinvestment Act funds in 2009. This mandates the local government to allocate a certain percentage of its annual budget on public education. That percentage is equivalent to 40 cents to a dollar or 25 percent of the overall CNMI government budget. The MOE must come from local funds.<\/p>\n
Sablan said yesterday the House Ways and Means Committee is taking into consideration the errata sheets from the governor.<\/p>\n
Besides the $3,930,008 to NMC from general fund appropriations, the college also gets $700,000 from the Commonwealth Worker Fee Fund and $86,762 from Compact Impact. The total allocation to the NMC with the combined sources will amount to $5,031,962 under the governor\u2019s proposal but the figures could still change at the Legislature.<\/p>\n","protected":false},"excerpt":{"rendered":"
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