Chapter 10

COL1201062GCA LEGISLATIVE BRANCH CH.10LEGISLA TIVE AGENCIES FUND 1CHAPTER 10 LEGISLA TIVE AGENCIES FUND § 10101. Legislative Agencies Fund: Creation. § 10102. Same: Purpose. § 10103. Separate Accounts for Each Agency . § 10104. Control of Obligations and Expenditures. § 10105. Audit of Legislative Agencies Fund. § 10106. Separate or Joint Bank Accounts. § 10107. Quarterly Transfer of Funds. § 10101. Legislative Agencies Fund: Creation. There is created a special fund of the govern ment of Guam to be known as ALegislative Agen cies Fund, @which fund shall be kept separa te and apart from the Legisla ture Operations Fund and separate books and accounts kept with respect to the Legislative Agencies Fund. SOURCE: § 1950 GC as added by P .L. 15 -82. § 10102. Same: Purpose. The purpose of the Legisla tive Agencies Fund is to provide a fund for the operation of the independent agency of the Legislative Branch, namely , the Suruhanu. All appropriations made to the independent agency of the Legislature and all other funds received by each of them shall be placed into the Legisla tive Agencies Fund.

e Branch, namely , the Suruhanu. All appropriations made to the independent agency of the Legislature and all other funds received by each of them shall be placed into the Legisla tive Agencies Fund. All expenditures, for whatever purpose, made by the independent agencies of the Legislature shall be taken from the Legislative Agencies Fund. SOURCE: § 1951 GC as added by P .L. 15 -82. NOTE: The Office of the Territorial Auditor has been abolished pursuant to P .L. 17 -7 and the Office of Compiler of Laws has been transferred from the Legislative Branch to the Executive Branch pursuant to P .L. 17 -6. § 10103. Separate Accounts for Each Agency. Within the Legislative Agencies Fund, separate accounts and books shall be kept for each agen cy utilizing the fund. The sums appropriated to each agency using the fund shall not be used by any other independent agency , provided, howev er, that the Committee on Rules, by majority vote of its full memb ership, may authorize the transfer of funds from the Legislative Agencies Fund to the Legislature Operations Fund. SOURCE: § 1952 GC as added by P .L. 15 -82.COL1201062GCA LEGISLATIVE BRANCH CH.10LEGISLA TIVE AGENCIES FUND 2§ 10104.

r of funds from the Legislative Agencies Fund to the Legislature Operations Fund. SOURCE: § 1952 GC as added by P .L. 15 -82.COL1201062GCA LEGISLATIVE BRANCH CH.10LEGISLA TIVE AGENCIES FUND 2§ 10104. Control of Obligations and Expendi tures. (a) The Disbursing Officer for each agency usi ng the fund shall be the Disbursing Officer of the Legisla ture and the Certify ing Officer for each agency using the fund shall be appoint ed by the Suruhanu, and the Certifying Officer, shall be responsible for keeping the books of the Legisla - tive Agen cies Fund. (b) The authority to encumber and to au thorize the expendi ture of funds shall remain with each agency participating in the fund pursuant to the law creating such agency . SOURCE: § 1953 GC as added by P .L. 15 -82. NOTE : See § 10102. § 10105. Aud it of Legislative Agencies Fund. The Legislative Agencies Fund shall be audited periodically at the same time and in the same manner as the Legislative Operations Fund is audited. SOURCE: § 1954 GC as added by P .L. 15 -82. § 10106. Separate or Joint Bank Accounts. The Commit tee on Rules of the Legislature may , in its discretion, provide that the funds in the Legislative Agencies Fund

1954 GC as added by P .L. 15 -82. § 10106. Separate or Joint Bank Accounts. The Commit tee on Rules of the Legislature may , in its discretion, provide that the funds in the Legislative Agencies Fund be placed in a sepa - rate bank account or accounts or be placed in the same account as is the Legislative Operations Fund or be placed partially in one (1) account and partially in another account. SOURCE: § 1955 GC as added by P .L. 15 -82. § 10107. Quarterly T ransfer of Funds. Notwithstand ing any provision of law to the con trary, thirty (30) days prior to the end of a c alendar quarter , one -fourth (1/4) of the annual appropriation of the Legislative Agencies Fund shall be transfe rred from the General Fund to the Legislative Agencies Fund. SOURCE: § 1956 GC as added by P .L. 15 -115. ----------