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5 GCA § 5.05

Application of Bond Expense Fund

Guam Code AnnotatedTitle 5 — Government Operations
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All amounts in the Bond Expense Fund shall be used and withdrawn by the Trustee (or by the Government upon Requisition) solely for the purpose of paying Bond Expenses. The Trustee shall disburse moneys in the Bond Expense Fund only upon Requisition of the Government stating the person to whom payment is to be made, the amount to be paid, the purpose for COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS which the obligation was incurred and that such payment is a proper and lawful charge against said Fund. Any excess amounts in the Bond Expense Fund shall be transferred by the Trustee to the Revenue Fund. [None of the amount deposited pursuant to

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.