5 Guam Code Ann. § 87128
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Terms Used In 5 Guam Code Ann. § 87128
- 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
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) There is established a fund known as the ‘Research and Publication Fund,’ which shall be maintained separate and apart from other funds of the Corporation, the records of which shall be kept and maintained by the Salappe’ of the Ufisinan Minaneha. The Research and Publications Fund is under the general cognizance of the Trustees, which shall manage and use it for the Inaligao, Tinige’ Yan Fina’na’gue’ purposes as provided in this Article;
(b) All income generated by the sales of publications and other products and money received from sources other than government appropriation shall be deposited in a revolving account to be used by Inaligao, Tinige’ Yan Fina’na’gue’ in carrying out its functions;
(c) Except as otherwise provided by law, all non-appropriated expenditures of the Inaligao, Tinige’ Yan Fina’na’gue’, shall be made from the Research and Publications Fund.