Guam § 16220 - Preparation of Fiscal Impact Statement, or Waiver Thereof.
Full text of Guam Guam Code Annotated § 16220 — Preparation of Fiscal Impact Statement, or Waiver Thereof., with citation guidance and answers to common questions.
§ 16220. Preparation of Fiscal Impact Statement, or Waiver Thereof.
The fiscal impact statement, or waiver thereof, shall be prepared by the
Director of the Bureau of Budget and Management Research (BBMR), in
coordination with the director of the department, agency or appropriate
government instrumentality, affected by the initiative. The fiscal impact
statement or waiver thereof prepared by BBMR shall be considered as the
official document required for fulfillment of this Section.
The proponents of an initiative may commission an independent
accounting firm to conduct a fiscal impact statement of its own for
informational purposes, but proponents of any initiative measure may not
present a waiver of its own of said fiscal impact statement.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 16220
What does Guam Code Annotated § 16220 cover?
Section 16220 ("Preparation of Fiscal Impact Statement, or Waiver Thereof.") 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 § 16220?
A common citation format is "Guam Code Annotated § 16220" (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 § 16220 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.