Guam § 20512 - Special Surplus Property Fund.
Full text of Guam Guam Code Annotated § 20512 — Special Surplus Property Fund., with citation guidance and answers to common questions.
§ 20512. Special Surplus Property Fund.
(a) There is hereby established a fund to be known as the Special Surplus Property Fund, which shall
be maintained separate and apart from any other funds from the government of Guam, and independent
records and accounts thereof shall be established in connection therewith. The Chief Procurement Officer
shall be the Certifying Officer of this Fund.
(b) All appropriations made for the purpose of implementing this Article shall be deposited with the
Special Fund. All receipts from charges or fees assessed pursuant to § 20511 of this Article shall
additionally be placed in the Special Fund. All proceeds from the sale or disposition of surplus supplies
shall also be placed in the Special Fund. All debts, liabilities, obligations and operating expenses to manage
this Fund, incurred pursuant to this Article shall be paid by the Chief Procurement Officer from said Fund.
The Chief Procurement Officer is authorized to expend said funds for the training and development of GSA
personnel and to support the operations of the Guam Procurement Advisory Council.
(c) The Chief Procurement Officer shall render quarterly to I Maga’lahi (the Governor) and to I
Liheslatura (the Legislature) a statement reflecting the financial condition of the Special Fund and a
financial statement of operations of the said Special Fund for the period covered.
Frequently Asked Questions About Guam § 20512
What does Guam Code Annotated § 20512 cover?
Section 20512 ("Special Surplus Property Fund.") 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 § 20512?
A common citation format is "Guam Code Annotated § 20512" (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 § 20512 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.