Infrastructure Improvement Fund

(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 GCA § 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.