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Terms Used In 5 Guam Code Ann. § 73407

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(a) The CLFA shall be exclusively used for the following purposes:

(1) the payment, upon the approval of the Director, of any expenses necessary to seize, detain, inventory, safeguard, maintain, advertise, sell, or dispose of property under seizure, detention, or forfeited pursuant to law enforced or administered by the Guam Customs and Quarantine Agency, or of any other necessary expense incident to the seizure, detention, forfeiture, or disposal of such property;

(2) for the training and professional development of personnel;

(3) to develop and maintain facilities utilized by the
Guam Customs and Quarantine Agency;

(4) for the purchase of equipment for the Guam Customs and Quarantine Agency; or as deemed necessary by the Director.

(b) The CFSAFA shall be expended as authorized by the federal government guidelines that govern the acquisition, use, and reporting of forfeited assets.