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Terms Used In 10 Guam Code Ann. § 20114

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
The Director shall keep a separate accounting of all funds spent from the special appropriation and this accounting shall be

COL 6/21/2023

10 Guam Code Ann. HEALTH AND SAFETY
CH. 20 GENERAL PROVISIONS

submitted to the Governor and Legislature at the end of each fiscal year. The accounting shall include the name of the owner of the property, the location of the property, the violation corrected and the cost of the project.

SOURCE: GC § 9500.14.