5 Guam Code Ann. § 221503
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Terms Used In 5 Guam Code Ann. § 221503
- 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
The Indirect Cost Account shall be expended by appropriation by law for the following purposes:
(a) Training such as Continuing Professional
Education Credits, CPE.
(b) Negotiating and Administering the government of
Guam’s indirect cost rate.
(c) Purchasing of Supplies and Equipment associated with Negotiating and Administering the government of Guam’s indirect cost rate.
(d) Automated budget development and maintenance. (e) General Operations for the agencies stipulated in § 221504, Article 15, Chapter 22 of Title 5.
SOURCE: Added by P.L. 29-113:VI:62 (Sept. 30, 2008).Amended by
P.L. 30-055:XII:1 (Sept. 4, 2009), P.L. 30-196:XII:1 (Sept. 1, 2010).