S.Amdt. 4902

SA 4902. Mr. MENENDEZ submitted an amendment intended to be proposed
by him to the bill S. 2328, to reauthorize and amend the National Sea
Grant College Program Act, and for other purposes; which was ordered to
lie on the table; as follows:

Beginning on page 43, strike line 13 and all that follows
through page 50, line 6, and insert the following:

SEC. 202. REVIEW OF BUDGETS.

(a) Budget Proposed by Governor.--
(1) Submission to board.--The Governor of the applicable
covered territory shall submit to the Board for review a
proposed budget for each fiscal year by not later than the
earlier of--
(A) the date that is 120 days before the first day of the
fiscal year covered by the proposed budget; and
(B) the date that is 60 days before the date by which the
Governor is required under applicable law to submit to the
legislature of the applicable covered territory a proposed
budget for the applicable fiscal year.
(2) Determination of compliant budget.--Not later than the
date that is 15 days after the date on which a Board receives
a proposed budget under paragraph (1), the Board shall--
(A) determine whether the proposed budget is a compliant
budget; and
(B)(i) if the proposed budget is a compliant budget--
(I) approve the compliant budget; and
(II) submit the compliant budget to the legislature of the
applicable covered territory; or
(ii) if the proposed budget is not a compliant budget,
provide to the Governor of the applicable covered territory--
(I) a notice of violation that includes a description of
any corrective action suggested by the Board; and
(II) an opportunity to correct the violation by requiring
the Governor to submit to the Board a revised budget by not
later than the date that is 15 days after the date on which
the notice of violation under subclause (I) is provided.
(3) Revised budgets.--Not later than the date that is 7
days after the date on which the Board receives a revised
budget under paragraph (2)(B)(ii)(II), the Board shall--
(A) determine whether the revised budget is a compliant
budget; and
(B)(i) if the revised budget is a compliant budget--
(I) approve the compliant budget; and
(II) submit the compliant budget to the legislature of the
applicable covered territory; or
(ii) if the revised budget is not a compliant budget--
(I) issue a notice of noncompliance;
(II) publicly submit recommendations of the Board for
adjustments that should be made to ensure the adopted budget
of the territorial government for the applicable fiscal year
is a compliant budget;
(III) submit the noncompliant budget to the legislature of
the applicable covered territory with recommendations of the
Board for adjustments that should be made to ensure the
adopted budget of the territorial government for the
applicable fiscal year is a complaint budget; and
(IV) issue a directive that the legislature shall strive to
adopt the Board's recommendations in the budget of the
territorial government for the applicable fiscal year.
(b) Budget Approval by Legislature.--
(1) In general.--The legislature of the applicable covered
territory shall submit to the Board the budget adopted by the
legislature not later than--
(A) the date that is 30 days before the first day of each
applicable fiscal year; or
(B) the date previously approved in writing by the Board
not to exceed 60 days after the first day of the applicable
fiscal year, if a date was approved in writing.
(2) Determination by board.--Not later than the date that
is 7 days after the date on which the Board receives an
adopted budget submitted under paragraph (1), the Board
shall--
(A) determine whether the adopted budget is a compliant
budget; and
(B)(i) if the adopted budget is a compliant budget, issue a
compliance certification for the compliant budget; or
(ii) if the budget is not a compliant budget--
(I) issue a certificate of noncompliance;
(II) publicly submit recommendations of the Board for
adjustments that should be made to the budget of the
territorial government for the upcoming fiscal year to ensure
the revenues and expenditures are consistent with the Fiscal
Plan;
(III) provide to the Governor and legislature of the
applicable covered territory a certificate of noncompliance
that includes a description of any recommendations of the
Board for adjustments that should be made to the budget of
the territorial government for the upcoming fiscal year to
ensure the revenues and expenditures are consistent with the
Fiscal Plan; and
(IV) issue a directive that the Governor and the
legislature shall strive to adopt the Board's recommendations
in the budget of the territorial government for the upcoming
fiscal year.
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