Corporate Use of Funds

(a)The Corporation is authorized to use its funds, from whatever source derived, in the exercise of its corporate powers and functions.

(b)The Corporation shall contribute to the Government of Guam Retirement Fund on the basis of annual billings as determined by the Department of Administration, for the Government’s share of the costs of the retirement benefits applicable to the Corporation’s employment and their beneficiaries. The Corporation shall provide Workmen’s Compensation coverage for its employees.