CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 1 PUBLIC LAW NO. 18-52 Auditor; 2 (c) 30 June of each year, submit to the President 3 and publish the audited accounts and an annual report on 4 its activities for the previous financial year; and 5 (d) 30 June of each year, submit to the President 6 a report on all significant matters relating to the 7 performance and efficiency of the communications sector, 8 with particular reference to the: 9 10 (i) Adequacy and quality of services; and (ii) Contribution of the communications 11 sector to economic development in the Federated States 12 of Micronesia. 13 (5) The annual report of the Authority shall include: 14 (a) A list of the licenses issued under this Act 15 16 17 18 19 20 21 22 and then in force; (b) A list of the interconnection and access agreements then in force; (c) A summary of any material litigation involving the Authority; (d) A description of the activities carried out during the year in respect of the universal access plan. (6) The Authority shall transfer to the Universal 23 Access Special Revolving Fund any monies that it 24 receives under this Act in excess of its approved budget 25 and forecast funding needs, unless the Secretary directs 28 of 119