5 Guam Code Ann. § 22428
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Terms Used In 5 Guam Code Ann. § 22428
- 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.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
There is created, separate and apart from other funds of the government of Guam, and under the administration and control of the Department of Administration, the ‘Utility Expense Fund.’ Notwithstanding any other provisions of law, for each fiscal year, all appropriations from the General Fund to any Guam agency for the purpose of paying utility expenses for electrical power, water, sewer and telephone services, shall be deposited in the Utility Expense Fund, and shall be paid out separately by utility category and by the aggregate expenses of agency billings. A report of the status of the Utility Expense Fund shall be made to the Governor and to the Guam Legislature at the end of each quarter. Unexpended funds after the end of each fiscal year shall revert to the General Fund. A report of this transaction shall be made to the Guam Legislature.
2018 NOTE: References to “”Territory”” and “”territorial”” removed and/or altered to “”Guam”” pursuant to 1 Guam Code Ann. § 420.
NOTE: Public Law 24-57:2 creates a new Section 22427 to Title 5, Guam Code Annotated called the “”Utility Expense Fund””. But according to the Compiler another Public Law, specifically P.L. 23-137:2 also addedanother § 22427 called the “”Government of Guam Loan””. The Compiler has then recodified Section 22427 (created by P.L. 24-57) as Section
22428. Renumbered by Compiler to reflect correct citation.