Appropriations. — Guam Code § 4111

§ 4111. Appropriations.

(a) Appropriations are authorized for payment to the

Housing Corporation in the form of a grant, in such amounts as

may be estimated in advance in the annual budget as necessary

to cover losses to be sustained in the conduct of its activities

which are included in the annual budget as predominantly

revenue-producing. The Housing Corporation’s annual budget

program shall specifically set forth any loss sustained in excess

of the grant previously made for the last completed fiscal year.

COL9/7/2021

Appropriations are authorized for payment to the Housing

Corporation to cover such additional losses incurred.

(b) Appropriations are also authorized for payment to the

Housing Corporation in the form of a grant, to be accounted for

as general funds of the Housing Corporation, in such amounts as

may be necessary to meet expenses to be incurred for specific

programs which are included in the annual budget as not

predominantly of a revenue-producing character. Provided,

however, that

(1) in the case of activities of a predominantly non-

revenue-producing character the expenses shall not exceed

the amounts of the grants for these activities, and that

(2) the funds granted under this Subsection shall be

expended only upon certification by a duly authorized

certifying officer designated by the Housing Corporation.