Guam § 10105 - Accountability of Funds.
Full text of Guam Guam Code Annotated § 10105 — Accountability of Funds., with citation guidance and answers to common questions.
§ 10105. Accountability of Funds.
Each principal shall be accountable for the specific application of Y
Kuentan Salappe' Prinsepat funds. Receipts and records of the purchase of
the items shall be made into a balance sheet and submitted to the Director of
Education on January 15, April 15, June 15 and September 30 of each year.
If any principal is unable to provide receipts or proof of expenditure of
funds, this shall subject the principal to civil or criminal penalties. The
principal of each school will be held personally liable for any unaccounted
funds. Inability of any principal to account for the expenditures of these
funds, or the spending of the funds for unauthorized purposes, shall be
reported to the Attorney General's office for disposition, and shall subject
the principal to disciplinary action if warranted.
Frequently Asked Questions About Guam § 10105
What does Guam Code Annotated § 10105 cover?
Section 10105 ("Accountability of Funds.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 10105?
A common citation format is "Guam Code Annotated § 10105" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 10105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.