Guam § 22108 - Revolving Funds.
Full text of Guam Guam Code Annotated § 22108 — Revolving Funds., with citation guidance and answers to common questions.
§ 22108. Revolving Funds.
(a) The Governor may, when he deems it necessary and
proper, create, establish and continue from appropriated funds or
service fees, revolving or other special funds to be used in
providing services and in maintaining such activities of the
COL4/6/2022
government of Guam as the purchase and sale of seed by the
Department of Agriculture and the purchase of books by the
Department of Education.
(b) Such revolving or other special funds, if and when created
and established, shall be maintained separate and apart from any
other funds of the government of Guam, and independent records
and accounts shall be maintained in connection therewith as
prescribed by the Director of Administration.
(c) All moneys received from said activities shall be
deposited in the appropriate revolving or other special funds, and
all debts, liabilities, obligations and operating expenses in
connection with such activities shall be paid therefrom.
(d) The Director of the Department or such other officer who
has cognizance and jurisdiction over such revolving or other
special funds established as provided herein, shall monthly render
to the Governor a statement reflecting the financial condition of
the fund or funds under his jurisdiction.
(e) The Director of Administration shall periodically audit
the accounts and records of such revolving or other special funds
and render a report thereon to the Governor.
Frequently Asked Questions About Guam § 22108
What does Guam Code Annotated § 22108 cover?
Section 22108 ("Revolving Funds.") 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 § 22108?
A common citation format is "Guam Code Annotated § 22108" (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 § 22108 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.