Guam § 221303 - Distribution of Proceeds.
Full text of Guam Guam Code Annotated § 221303 — Distribution of Proceeds., with citation guidance and answers to common questions.
§ 221303. Distribution of Proceeds.
Proceeds of the sale and securitization of the Guam Allocation
received by the government of Guam shall be distributed in the
following manner:
(a) fifty percent (50%) into the Health Security Trust
Fund;
(b) fifteen percent (15%) into the UOG Endowment
Fund;
(c) fifteen percent (15%) into the GCC Endowment
Fund;
(d) ten percent (10%) into the Youth Tobacco Education
and Prevention Fund; and
(e) ten percent (10%) into the Health and Human
Services Fund.
2012 NOTE: In maintaining the general codification scheme of the GCA
COL4/6/2022
the Compiler changed the hierarchy of subsections beginning with
“Numbers” to “Lowercase Letters” in this section.
Frequently Asked Questions About Guam § 221303
What does Guam Code Annotated § 221303 cover?
Section 221303 ("Distribution of Proceeds.") 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 § 221303?
A common citation format is "Guam Code Annotated § 221303" (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 § 221303 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.