American Samoa § 32.0511 - Special fund for payment of expenses in administering chapter.

§ 32.0511. Special fund for payment of expenses in administering chapter.

(a) There is established in the treasury at American Samoa a special fund for the purpose of providing for the payment of all expenses respect of the administration of this chapter and Chapter 32.06. (b) The fund shall be administered by the Commissioner. (c) The Treasurer of American Samoa shall be the custodian of the fund, and all moneys and securities in the fund shall be held in trust by the Treasurer and are not the money or property of American Samoa. (d) The Treasurer is authorized to disburse moneys from such fund only upon order of the commission. (e) The Treasurer of American Samoa shall deposit any moneys paid into such fund into such depository banks as the commission may designate and may invest any portion of the funds which, in the opinion of the Commission, is not needed for current requirements, in bonus or notes of the United States or of any federal land bank. (f) The account for such fund shall be subject to audit in accordance with established government auditing procedure, but the action at the Commission in making payments from such fund shall be final and not subject to review.