CHAPTER 11
Trust Territory Financial Management

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SUBCHAPTER II
General Fund of the Congress of Micronesia

SECTIONS

§ 1121. Purpose.
§ 1122. General Fund established—Deposit of revenues.
§ 1123. Disbursements.

§ 1121. Purpose.

The purpose of this subchapter is to create a general fund, and to control all disbursements therefrom.

Source: COM PL 3-1 § 1; TT Code 1970, 77 TTC 1251; TT Code 1980, 77 TTC 451.

§ 1122. General Fund established—Deposit of revenues.

There is hereby established a General Fund of the Congress of Micronesia, into which all revenues raised pursuant to the tax laws and other revenue laws of the Trust Territory shall be deposited.

Source: COM PL 3-1 § 2; TT Code 1970, 77 TTC 1252; TT Code 1980, 77 TTC 452.

§ 1123. Disbursements.

The Trust Territory treasurer is hereby authorized to make such disbursements from the General Fund of the Congress of Micronesia as may be authorized and appropriated thereby.

Source: COM PL 3-1 § 3; TT Code 1970, 77 TTC 1253; TT Code 1980, 77 TTC 453.