10 Guam Code Ann. § 86106
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Terms Used In 10 Guam Code Ann. § 86106
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
ere is established separate and apart from any other government funds, a Department Auxiliary Fund, in which monies and assets from fund raising activities and charitable contributions shall be deposited. The Council shall adopt rules and regulations as to what would constitute authorized expenditures for the patients. The Department’s Fiscal Officer shall be custodian of the Fund and shall invest these monies in bank accounts insured by the Federal Deposit Insurance Corporation (FDIC) or the Federal Savings and Loan Insurance Corporation (FSLIC) and may spend the funds as needed, for patient needs or programs in mental health, alcohol and drug abuse, as outlined in the Department’s Three-Year Plan. Independent records and accounts shall be maintained in connection therewith. The Director shall be the certifying officer for the fund. An annual audit shall be conducted and a report of the Fund activities shall be submitted to the Governor, the Speaker of the Legislature, the Chairman of the Committee on Health, Welfare and Ecology, and the Chairman of the Committee on Ways and Means within thirty (30) days when the audit is completed.
COL4122017
10 Guam Code Ann. HEALTH AND SAFETY
CH 86 GUAM BEHAVIORAL HEALTH AND WELLNESS CENTER
SOURCE: Added by P.L. 17-021:2 (Aug. 18, 1983) as GC § 85106. Codified as 10
GCA § 86106.