Utility Expense Fund

There is created, separate and apart from other funds of the government of Guam, and under the administration and control of the Department of Administration, the ‘Utility Expense Fund.’ Notwithstanding any other provisions of law, for each fiscal year, all appropriations from the General Fund to any Guam agency for the purpose of paying utility expenses for electrical power, water, sewer and telephone services, shall be deposited in the Utility Expense Fund, and shall be paid out separately by utility category and by the aggregate expenses of agency billings. A report of the status of the Utility Expense Fund shall be made to the Governor and to the Guam Legislature at the end of each quarter. Unexpended funds after the end of each fiscal year shall revert to the General Fund. A report of this transaction shall be made to the Guam Legislature.