12 GCA § 5129: Expenditures; Accounting for Funds.

The Authority shall make administrative, maintenance and operating expenditures in accordance with an annual budget, and shall account to the government of Guam, in accordance with applicable law, for any funds that may have been furnished to it or appropriated to its use. The Authority shall account to the Federal Government at such times as the Federal Government may require, for funds provided by the Federal Government, or derived from the proceeds of any sale of bonds or other obligations of the Authority secured by a pledge of annual contributions or other financial assistance of the Federal Government, or derived from receipts from its federally aided projects or operations or otherwise derived from, or through, or with the cooperation or assistance of the Federal Government. The Federal Government shall, for the purposes of audit and examination, have access to any books, documents, papers and records of the Authority pertinent to its operations with respect to financial assistance furnished by the Federal Government.