5 Guam Code Ann. § 22422
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 5 Guam Code Ann. § 22422
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Oversight: Committee review of the activities of a Federal agency or program.
(a) There is created a fund known as the Infrastructure Improvement Fund which shall be accounted for separate and apart from the General Fund and into which shall be deposited such revenues as set forth in 11 Guam Code Ann. § 30108, Finance and Taxation. The fund shall be appropriated to improve and develop the general infrastructure of Guam including sewer and water systems, and primary and secondary roadways including village streets. No further appropriation shall be made of moneys in this Fund which have been pledged for the repaying of any debts and such moneys maybe used for such pledge without further appropriation.
(b) Notwithstanding any other provision of the law, the Infrastructure Improvement Fund shall be under the legislative purview of the legislative committee having oversight over the Tourist Attraction Fund.
SOURCE: Enacted by P.L. 19-5:142 as GC § 10002; amended by P.L. 19-
18:2.
2018 NOTE: References to “”Territory”” removed and/or altered to
“”Guam”” pursuant to 1 Guam Code Ann. § 420.
2013 NOTE: Subsection designations were added to adhere to the
Compiler’s alpha-numeric scheme in accordance to 1 Guam Code Ann. § 1606.