Guam § 21111 - Deposit.
Full text of Guam Guam Code Annotated § 21111 — Deposit., with citation guidance and answers to common questions.
§ 21111. Deposit.
(a) The Director of Administration may direct that any monies
belonging to, and under the control of, the government of Guam, in the
hands of the Treasurer shall be deposited to the credit of the government
in eligible banks. Any sum so deposited is deemed to be in the Treasury
of Guam.
(b) Policy. It is the policy of the government of Guam that
government funds shall be deposited in eligible banks in proration as
those eligible banks meet the long-term capital credit needs of the
Territory. Capital credit is defined to include loans made for equity
investments, purchase of real estate and other loans repayable in not less
than five years.
(c) Rules & Regulations. The Governor may make rules and
regulations which shall be promulgated by Executive Order to implement
the provisions of this Section.
Frequently Asked Questions About Guam § 21111
What does Guam Code Annotated § 21111 cover?
Section 21111 ("Deposit.") 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 § 21111?
A common citation format is "Guam Code Annotated § 21111" (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 § 21111 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.