Guam Code > Title 12 > Chapter 77 – Special Projects and Activities of the Guam Economic Development Authority Article 1. Administrative ProvisionsArticle 2. Guam Raceway ParkArticle 3. Soccer Stadium FinancingArticle 4. Tax Credits for Contributors to Public School Sports F
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Terms Used In Guam Code > Title 12 > Chapter 77 - Special Projects and Activities of the Guam Economic Development Authority Article 1. Administrative ProvisionsArticle 2. Guam Raceway ParkArticle 3. Soccer Stadium FinancingArticle 4. Tax Credits for Contributors to Public School Sports F
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Minority leader: See Floor Leaders
- Oversight: Committee review of the activities of a Federal agency or program.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.
- Venue: The geographical location in which a case is tried.