Guam § 14113 - Annual Budget.
Full text of Guam Guam Code Annotated § 14113 — Annual Budget., with citation guidance and answers to common questions.
§ 14113. Annual Budget.
For the purposes of Chapter 14 of Title 12 of the Guam Code Annotated, the term “annual budget”
means a balanced budget for expenditures of the Guam Waterworks Authority for a fiscal year to be funded
by the anticipated revenues and other funds to be received and expended for the same fiscal year, submitted
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to I Liheslaturan Guåhan and approved by law, with amendment and modification as may be desired by I
Liheslaturan Guåhan. The budget shall not request an appropriation from the General Fund.
(a) On or before May 1, of each year, the Board shall approve and submit to I Liheslaturan
Guåhan the annual budget for the following fiscal year.
(b) On or before the start of the following fiscal year, I Liheslaturan Guåhan shall approve, reject
or modify the annual budget. No transfer of funds approved or authorized by the annual budget shall
be valid, unless approved by I Liheslaturan Guåhan.
(c) If the Board fails to submit a budget for the next fiscal year, or if I Liheslaturan Guåhan fails
to approve the annual budget before the next fiscal year, the current fiscal year’s budget shall become
law for the next fiscal year, subject to legislative modification.
Frequently Asked Questions About Guam § 14113
What does Guam Code Annotated § 14113 cover?
Section 14113 ("Annual Budget.") 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 § 14113?
A common citation format is "Guam Code Annotated § 14113" (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 § 14113 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.