10.0701 Economic Stabilization and Emergency Fund - Creation - Purpose.

Cite as [A.S.C.A. 10.0701]

The American Samoa Economic Stabilization and Emergency Fund is established to anticipate a revenue shortfall due to adverse economic conditions such as the 1973 oil embargo or the 1974 drought in the Territory as well as providing temporary relief for major disasters, federal grant reductions, or other major events not foreseen during the regular budget process which would affect significantly the economic welfare of the Territory.

History: 1982, PL 17-45