5 Guam Code Ann. § 4107
Terms Used In 5 Guam Code Ann. § 4107
- 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.
(b) I Maga’låhi shall present the proposed comprehensive program and financial plan in a message to I Liheslatura not later than January 31 prior to each fiscal year. If I Maga’låhi is in the first year of his first term or an additional non-consecutive term, then the message shall be presented not later than April 8 of that same year. The message shall be accompanied by a budget document which shall contain I Maga’låhi’s recommended goals, plans and appropriations. The budget document shall be furnished to each member of I Liheslatura and each department or agency of the government. The budget document shall contain the following information:
(1) the coordinated program goals and objectives that I Maga’låhi recommends to guide the decisions on the proposed program plans and budget appropriations;
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5 Guam Code Ann. GOVERNMENT OPERATIONS
CH. 4 PROGRAM BUDGETING AND FINANCIAL MANAGEMENT
(2) The program and budget recommendations of the Governor for the succeeding fiscal year which shall delineate the program and budget recommendations of the Governor in an amount specific for the line and semi-autonomous agencies of the government of Guam;
(3) a summary of the government’s receipts in the last fiscal year, a revised estimate for the current fiscal year, and an estimate for the succeeding year;
(4) a summary of expenditures during the last fiscal year, those estimated for the current fiscal year, and those recommended by I Maga’låhi for the succeeding fiscal year;
(5) drafts of appropriation bills and revenue measures; and
(6) any additional information which will facilitate understanding of I Maga’låhi’s proposed program and financial plan by I Liheslatura and the public.
(c) After delivery of I Maga’låhi’s message, the bills incorporating his recommendations may be introduced by I Liheslatura in accordance with the provision of its Standing Rules.
SOURCE: GC § 5156 added by P.L. 12-115; subsection (b), para. 1 amended by P.L. 13-149: VII:2, repealed/reenacted by P.L. 15-82:2, amended by P.L. 17-8:2. Amended by P.L. 33-066:XII:19 (Sept. 5, 2015).