11 Guam Code Ann. § 28112
Terms Used In 11 Guam Code Ann. § 28112
- 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.
Tax collected in the previous fiscal year shall be appropriated
to the “”Customs, Agriculture and Quarantine Inspection
Services Fund”” to cover costs associated with Use Tax collection inspection activities. This appropriation is continuous, but is contingent on the annual submission of a detailed budget to I Liheslaturan Guåhan by the Director of the Customs and Quarantine Agency.
(b) Sums based on twenty percent (20%) of the total Use Tax collected in the previous fiscal year shall be appropriated to the “”Department of Public Works Services Village Roadway Funds”” to cover costs associated with improvements, repairs, and general maintenance to roads on Guam not covered by Office of Federal Highway Funds. This appropriation is continuous, but is contingent on the annual submission of a detailed budget to I Liheslaturan Guåhan by the Director of the DPW.
(c) Sums based on twenty percent (20%) of the total Use Tax collected in the previous fiscal year shall be appropriated to the “”Guam Environmental Protection Agency
Environmental Cleanup Fund”” to cover costs associated with preserving Guam’s natural resources. This appropriation is continuous, but is contingent on the annual submission of a detailed budget to I Liheslaturan Guåhan by the Director of the GEPA.
SOURCE: Added by P.L. 25-138:4. Amended by P.L. 31-077:XII:37(f) (Sept. 20, 2011).
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