CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 PUBLIC LAW NO. 18-52 1 (2) The Authority may impose special operating licence 2 conditions that shall apply to an individual licensee.” 3 Section 40. Title 21 of the Code of the Federated States of 4 Micronesia, as amended, is hereby further amended by adding a new 5 section 336 under chapter 3, to read as follows: 6 7 “Section 336. Licence fees. (1) The Authority shall make rules specifying the 8 annual licence fees payable by a holder of either an 9 operating or spectrum licence. 10 (2) Rules under subsection (1) shall determine annual 11 fees for operating and spectrum licences in accordance 12 with the following principles: 13 (a) The Authority shall endeavour to minimise the 14 fees payable by licensees (having regard to section 15 319(1) and the funding required for the proper discharge 16 of the functions of the Authority under this Act; 17 18 19 (b) The method of determining such fees shall be transparent; (c) Operating licence fees should aim to reflect 20 the relative value of the licensed communications 21 networks or communications services to the licensees; 22 (d) Subject to subsections (e) and (f), licence 23 fees shall be determined on the same basis for all 24 licensees holding the same category of licence; 25 (e) Operating licence fees for individual 54 of 119