Guam § 12207 - Filing of Annual Report.

§ 12207. Filing of Annual Report.

(a) Every registered service contract provider must file an annual report

for the preceding calendar year with the Commissioner on or before July 1st

of each year, or within any extension of the time the Commissioner for good

cause may grant. The report must be in the form and contain those matters as

the Commissioner prescribes, and shall be verified by at least two officers of

the service contract provider, or for service contract providers with a single

officer, the sole officer of service contract providers with a single officer.

(b) At the time of filing the report, the service contract provider must

pay a filing fee of Twenty Five Dollars ($25.00), which shall be deposited in

the Better Public Service Fund.

(c) As part of any investigation by the Commissioner, the

Commissioner may require a service contract provider to file monthly

financial reports whenever, in the Commissioner’s discretion, there is a need

to more closely monitor the financial activities of the service contract

provider. If the Commissioner requires monthly financial reports, the service

contract provider shall file monthly financial statements, which shall be filed

with the Commissioner no later than the twenty-fifth (25th) day of the month

following the month for which the financial report is being filed. These

monthly financial reports are the internal financial statements of the service

contract provider. The monthly financial reports that are filed with the

Commissioner constitute information that might be damaging to the service

contract provider if made available to its competitors, and therefore shall be

kept confidential by the Commissioner. This information may not be made

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public or be subject to subpoena, other than by the Commissioner, and then

only for the purpose of enforcement actions taken by the Commissioner.