Deposits and Appropriations

All funds appropriated pursuant to § 22436, Chapter 22, Title 5, Guam Code Annotated, shall be deposited in the Rainy Day Fund. However, no deposits to the Rainy Day Fund shall be made if the Fund’s assets exceed ten percent (10%) of the average gross operating requirements funded by the General Fund over the prior three (3) fiscal years. No expenditures from the Rainy Day Fund shall be made that reduce the Rainy Day Fund below the said ten percent (10%) average of the gross operating requirements funded by the General Fund over the prior three (3) fiscal years. Expenditures from the Rainy Day Fund shall only be authorized by an appropriation or appropriations authorization by the I Liheslaturan Guåhan. 2020 NOTE: The requirement to deposit into the Rainy Day Fund was suspended for Fiscal Year 2020 by P.L. 35-085:2 (Apr. 28, 2020).