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Displaying 31 - 35 of 40Chapter 1 of Title 24 of the Chuuk State Code - Tide Lands.
This Chapter concerns the procedures for the application for a permit “to excavate, fill or borrow” tidelands, defines traditional and customary rights of the people of the Chuuk State in respect of tidelands and the granting of (ownership) rights in respect of such land by the State to people of Chuuk. Tidelands within the meaning of the Chuuk Constitution are those marine lands from the shore to the face of the reef that are shallow enough for traditional fishing activity by women.
Chapter 3 of Title 24 of the Chuuk State Code - Coordinated Systems.
This Act concern the definition of coordinated systems for purposes of land survey in the State of Chuuk and specified lagoons. The Chapter also gives some indications for a valid survey but does not require a purchaser or mortgager to entirely rely on the defined system. The Chapter also prescribes penalties for the offence of interfering with survey marks.
Chapter 1 of Title 30 of the Code of Federated States of Micronesia- Federated States Development Bank.
This Act provides for the establishment of the Federated States of Micronesia Development Bank as a body corporate, defines its functions and powers and internal organization.The Bank shall be instrumental in: mobilizing additional financial resources for development; providing of loans for projects; technical assistance; and administration of trust funds and special funds. Foreign ownership of the Bank is prohibited because of the legal capacity of the Bank to acquire, own title to, dispose of, and otherwise deal in land and waters in the Federated States of Micronesia.
Chapter 15 of Title 24 of the Chuuk State Code - Deeds of Trust.
This Chapter concerns the establishment of deeds of trust in respect Chuuk land and in favour of the United States Government through the Farmers Home Administration or other federal agencies. The deed of trust shall secure the financing of real estate projects and transactions by the United States of America. The Chapter also provides for judicial and non-judicial foreclosure related to the deed of trust.
Chapter 9 of Title 24 of the Chuuk State Code - Public Projects Act.
This Act concerns compensation for fruit-bearing trees destroyed or damaged due to work on public projects. No claim for compensation shall be paid unless the destroyed tree is certified in the manner as prescribed by this Act. Claims shall be presented to the Division of Land Management in the Department of Resources and Development in the manner as prescribed by this Act. Every public project funded by the State Legislature which involves the destruction of trees to which this Act applies shall reserve 3 percent of the total appropriation for tree compensation.