DPW Maintenance Fund

There is hereby created, separate and apart from all other funds of the government of Guam, a fund known as the DPW Bus Maintenance Fund

(Fund)into which shall be deposited all fees collected from the commercial leasing of advertising space on school buses. Expenditures from the Fund shall be by written authorization of the Director of Public Works. COL10312014 CH. 50A COMMERCIAL ADVERTISING SPACE PROGRAM

(a)Same: Administration. The Fund shall be administered by the Department of Public Works and shall not be commingled with the General Fund or any other fund of the government of Guam. The Fund shall be maintained in a separate bank account and monies deposited therein shall not be subject to I Maga'lahen Guåhan's transfer authority. The Department of Public Works is authorized to accept for the Fund gifts, bequests, donations and other kinds of contributions for the purposes of the Fund.

(b)Same: Expenditures. Expenditures from the Fund shall be made exclusively for the purpose of supplementing the costs associated with maintaining the Department of Public Works' school buses and for program management fees.

(c)Same: Annual Financial Report. Within sixty

(60)days after the closing of each fiscal year, the administrator or authorized custodian of the DPW Bus Maintenance Fund shall transmit to the Director of the Department of Public Works an annual report of the expenditures of the Fund, including, but not limited to, a balance sheet, a statement of receipts and expenses, and a general description of the income sources of the Fund and the expenses thereof. Copies of the report shall be transmitted to I Maga'lahen Guåhan and to the Speaker of I Liheslaturan Guåhan. ---------- COL10312014