FSMC,
TITLE 55. GOVERNMENT FINANCE AND CONTRACTS
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.
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.
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.
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.