Terms Used In Guam Code > Title 5 > Chapter 12 - Modernization and Rightsizing Commission of the Government of Guam for the 21st Century (COMRIGHT-21)

• 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.
• Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. ^{Source: OCC}
• Oversight: Committee review of the activities of a Federal agency or program.