Guam § 221108 - Deposit.

Full text of Guam Guam Code Annotated § 221108 — Deposit., with citation guidance and answers to common questions.

§ 221108. Deposit.

(a) All monies deposited into the HAHS Fund shall be

expended exclusively for the purposes enumerated in 5 GCA §

221003 and the general intent of this Act.

(b) The HAHS Fund, subject to legislative approval, may be

invested or reinvested in bonds or in securities that are approved

for the Retirement Fund, or according to modern investment

practices of similar funds. The appropriations from the HAHS

Fund received pursuant to § 221203 of Title 5 of the Guam Code

Annotated shall be limited to fifty percent (50%) of the initial

deposit from the proceeds of the sale for the first five (5) years.

Thereafter, expenditures shall be limited to ninety percent (90%)

of the earnings of the Fund.

Related Guam Legal Topics

Frequently Asked Questions About Guam § 221108

What does Guam Code Annotated § 221108 cover?

Section 221108 ("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 § 221108?

A common citation format is "Guam Code Annotated § 221108" (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 § 221108 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.