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Terms Used In 11 Guam Code Ann. § 42104

  • 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.
For Fiscal Year 1998 and each year thereafter, the Department of Revenue and Taxation is authorized on a continuing basis to spend funds from the Provisions of Refunds as set out in >Exhibit A= of Public Law
Number 24-59 for Fiscal Years 1998 and 1999 in such amounts as are

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11 Guam Code Ann. FINANCE & TAXATION
CH. 42 EARNED INCOME PROGRAM

necessary to pay the Earned Income program subsidies under this
Chapter.

SOURCE: Added by P.L. 24-61:4. Amended by P.L. 25-03:IV:22.

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