5 Guam Code Ann. § 221604
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Terms Used In 5 Guam Code Ann. § 221604
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The revenue sources identified in any Supplemental Appropriations Act and other Acts that identify new revenue sources that have not been identified in the General Appropriations Act during each fiscal year shall be deposited or transferred into the SAR Fund and shall be expended exclusively for the purposes set forth by I Liheslaturan Guåhan in any Supplemental Appropriations Act or other Acts that identify new revenue sources during each fiscal year.
The SAR Fund’s interest and investment earnings shall be subject to legislative appropriation and shall be expended exclusively for the purposes set forth by I Liheslaturan Guåhan in any Supplemental Appropriations Act or other Acts that identify new revenue sources during each fiscal year.
The SAR Fund shall not be subject to I Maga’lahen Guåhan’s transfer authority or any other law allowing use or transfer of special funds. Revenues to and expenditures from the SAR fund is restricted to only those authorized by I Liheslaturan Guåhan in this or subsequent Acts.