Guam § 1111 - Accounting, Required Reporting, Antonio B. Won Pat International Airport Authority,
Full text of Guam Guam Code Annotated § 1111 — Accounting, Required Reporting, Antonio B. Won Pat International Airport Authority,, with citation guidance and answers to common questions.
§ 1111. Accounting, Required Reporting, Antonio B. Won Pat International Airport Authority,
Guam Fund.
(a) The Board shall adopt and maintain a system of accounting which is in accordance with generally
accepted accounting principles applicable to airports.
(b) The Board shall employ a firm of independent certified public accountants who shall examine and
report to the Board, at least annually, upon the status of the financial records and accounts maintained by
the Authority. Copies of any such reports shall be furnished to I Maga’håga/Maga’låhi and to I Liheslatura.
(c) The Board shall report to I Maga’håga/Maga’låhi and to I Liheslatura concerning the
administration of the affairs of the Authority. It shall present an annual report within one hundred twenty
(120) days after the end of each fiscal year and, if requested by I Maga’håga/Maga’låhi or I Liheslatura,
COL 2025-08-27
CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM
shall present special reports within thirty (30) days after the end of each intervening quarter. The financial
information presented in such reports shall be in accordance with the system of accounts adopted by the
Board.
(d) There is established a fund to be known as the “Antonio B. Won Pat International Airport
Authority, Guam Fund” which the Authority shall maintain separate and apart from other funds of the
government of Guam, and independent records and accounts shall be maintained in connection therewith.
(e) All monies received by the Authority from whatever source derived shall be deposited in said Fund,
or in such funds as may be established pursuant to Article 2 of this Chapter, in eligible banks as defined in
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 1111
What does Guam Code Annotated § 1111 cover?
Section 1111 ("Accounting, Required Reporting, Antonio B. Won Pat International Airport 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 § 1111?
A common citation format is "Guam Code Annotated § 1111" (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 § 1111 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.