Fiscal Authority

(a)There is hereby established a fund to be known as the Port Authority Fund which shall be maintained by the Board separate and apart from other funds of the government of Guam. Independent records and accounts shall be maintained in connection therewith. COL1312018 CH. 10 PORT AUTHORITY OF GUAM

(b)All moneys received by the Authority from whatever source derived shall be deposited in the Port Authority Fund in eligible banks as defined in 5 GCA § 21112.

(c)All expenditures including payments into sinking funds or other special accounts shall be made from the Port Authority Fund.