Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In 10 Guam Code Ann. § 80120

  • Donor: The person who makes a gift.
  • 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.
(a) The Administrator of the Guam Memorial Hospital Authority (GMHA), with the concurrence of the GMHA Board of Trustees, shall be authorized to solicit, accept, utilize and administer on behalf of GHMA, donations, contributions, gifts and bequests for any specific purpose relative

COL292017
10 Guam Code Ann. HEALTH AND SAFETY
CH. 80 GUAM MEMORIAL HOSPITAL AUTHORITY

to medical care, and may expend any sums so received for the purposes intended by the giver, or donor, in addition to the regular appropriations made for such purposes. Such donations, contributions, gifts and bequests received, or income accrued on a continuing basis, shall, as a matter of policy, be reflected in the annual budget of the receiving agency as credit to offset the expense budget request for that agency for the fiscal year under consideration.

(b) GMHA shall promulgate rules and regulations to reflect the purpose of this Act, and shall biannually report contributions, donations, gifts and bequests actually received to I Maga’lahi and the Speaker of I Liheslaturan Guåhan for proper acknowledgment purposes.

SOURCE: Added by P.L. 24-176:4 (April 17, 1998) as 10 Guam Code Ann. § 80117. Repealed and added as 10 Guam Code Ann. § 80120 by P.L. 30-190:1 (Aug. 28, 2010).