5 Guam Code Ann. § 22603
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Terms Used In 5 Guam Code Ann. § 22603
- 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.
Whenever appropriations have been made for any fiscal year, contracts and purchase orders may be executed and charged against such appropriations at any time prior to the beginning of the fiscal year; provided, however, that no payments shall be made pursuant to such contracts or purchase orders prior to the fiscal year for which such appropriations are made.
SOURCE: GC § 6115.