5 Aug 2002

Fiscal reform agreement gives American Samoa more money

11:15 am on 5 August 2002

The signing of an agreement in American Samoa over fiscal reforms means that the US government will now release four point three million US dollars.

The money has been withheld by the Department of Interior from the 18 point six million dollar tobacco settlement loan, by order of Congress.

The remaining proceeds are to be used specifically for the implementation of the government's reform plans.

The deal signed with the US Department of the Interior for Insular Affairs, states that any positions paid for by the funds should be approved by both parties and the government will required to complete audits by set deadlines.

Any failure to met deadlines could result in the withholding of a million dollars a quarter