10 Guam Code Ann. § 80119
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Terms Used In 10 Guam Code Ann. § 80119
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
On March 30, 2010 for Fiscal Year 2011, and March 30 for the succeeding fiscal years, the Board shall submit a comprehensive program and financial plan to I Liheslaturan Guåhan in a budget format utilized by the Bureau of Budget and Management Research for the Executive Branch. If I Liheslaturan Guåhan does not reject the comprehensive program and financial plan by September 30, the program and plan is deemed approved.
SOURCE: Added by P.L. 19-005-54 (Aug. 21, 1987) as 10 Guam Code Ann. § 80115. Amended by P.L. 19-010:XI:35 (Nov. 17, 1987). Amended by P.L. 28-068:27 (Sept. 30, 2005). Repealed and reenacted to this section by P.L. 30-190:1 (Aug. 28, 2010).