Guam § 9113 - Fiscal Authority.

§ 9113. Fiscal Authority.

(a) For each fiscal year there is authorized to be

appropriated as part of the executive budget, money in the

‘Tourist Attraction Fund’, such sums as may be necessary for the

Bureau to carry out the provisions of this Article. Such

appropriations shall be governed by the Executive Budget Act

set forth in Chapter III of Title VI of the Government Code of

Guam.

(b) All funds appropriated to the Bureau by the Government

of Guam shall be considered grants in aid. No disbursement of

funds of the Bureau shall be made unless the same has been

approved, authorized and ordered by the Board of Directors.

(c) The Legislature may condition payment of any sums

appropriated pursuant to sub-section (a) of this section upon

requirements that the membership match the appropriated funds,

with cash or in-kind contributions, on the basis of not more than

twenty cents (204) for every eighty cents (804) so appropriated.

COL9/7/2021

(d) As a condition to receiving any funds appropriated to the

Bureau by I Liheslaturan Guåhan or borrowed pursuant to §

9105(n), the Bureau shall agree to abide by the off-Guam travel

rates and regulations applicable to government of Guam

employees, and shall allow an audit of all the Bureau’s funds and

matching cash, and in-kind contributions of its membership by

the Public Auditor as authorized by Chapter 19 of Title 12 of the

Guam Code Annotated, as amended by § 59 of Public Law

Number 26-76.

Should the audit reveal any discrepancies or violations of

law or of the Bureau’s rules and regulations or policies, then the

Board shall take steps to correct the discrepancies and to recover

any expenditures not made in accordance with existing laws,

rules, regulations or policies. The Public Auditor shall provide a

copy of any audit conducted pursuant to this Subsection to the

Attorney General. Upon the enactment of this Subsection, an

audit of the Bureau shall be conducted for prior fiscal years.