CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 PUBLIC LAW NO. 18-52 1 one vote and a simple majority of votes shall be 2 required to dispose of any item of business. In the 3 event of a tie, the Chief Executive shall cast an 4 additional deciding vote. 5 (3) Except as provided in subsections (1) and (2), the 6 Authority shall determine its own procedure as the 7 Authority shall consider is necessary for the equitable 8 and transparent exercise of its powers or for the 9 effective administration of the Authority.” 10 Section 14. Title 21 of the Code of the Federated States of 11 Micronesia, as amended, is hereby further amended by adding a new 12 section 310 under chapter 3, to read as follows: 13 “Section 310. 14 interest. 15 Duty of members to disclose conflicts of (1) A member of the Authority who is in any way 16 directly or indirectly interested in a matter before the 17 Authority shall, as soon as possible after the relevant 18 circumstances have come to his knowledge, disclose the 19 nature of his interest to the Authority. If the Chief 20 Executive is the sole member, the Chief Executive shall 21 disclose the nature of his interest to the President. 22 23 24 25 (2) Any disclosure made under subsection (1) shall be recorded: (a) In the minutes of the next meeting of the Authority where there are additional members; and 22 of 119