Guam § 221503 - Purpose.
Full text of Guam Guam Code Annotated § 221503 — Purpose., with citation guidance and answers to common questions.
§ 221503. Purpose.
The Indirect Cost Account shall be expended by
appropriation by law for the following purposes:
(a) Training such as Continuing Professional
Education Credits, CPE.
(b) Negotiating and Administering the government of
Guam’s indirect cost rate.
(c) Purchasing of Supplies and Equipment associated
with Negotiating and Administering the government of
Guam’s indirect cost rate.
(d) Automated budget development and maintenance.
(e) General Operations for the agencies stipulated in §
221504, Article 15, Chapter 22 of Title 5.
Frequently Asked Questions About Guam § 221503
What does Guam Code Annotated § 221503 cover?
Section 221503 ("Purpose.") 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 § 221503?
A common citation format is "Guam Code Annotated § 221503" (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 § 221503 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.