Guam § 10109 - Fiscal Authority.
Full text of Guam Guam Code Annotated § 10109 — Fiscal Authority., with citation guidance and answers to common questions.
§ 10109. Fiscal Authority.
(a) There is hereby established a fund to be known as the Port
Authority Fund which shall be maintained by the Board separate and
apart from other funds of the government of Guam. Independent records
and accounts shall be maintained in connection therewith.
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(b) All moneys received by the Authority from whatever source
derived shall be deposited in the Port Authority Fund in eligible banks as
defined in 5 GCA § 21112.
(c) All expenditures including payments into sinking funds or other
special accounts shall be made from the Port Authority Fund.
Frequently Asked Questions About Guam § 10109
What does Guam Code Annotated § 10109 cover?
Section 10109 ("Fiscal Authority.") 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 § 10109?
A common citation format is "Guam Code Annotated § 10109" (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 § 10109 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.