Guam § 221504 - Deposits and Expenditures.
Full text of Guam Guam Code Annotated § 221504 — Deposits and Expenditures., with citation guidance and answers to common questions.
§ 221504. Deposits and Expenditures.
Deposits shall be made into the Indirect Cost Account from
Federal Reimbursement, for Executive Line Agency Claims or
Claims on Indirect Cost not to exceed five percent (5%) of the
total program monies based on a negotiated and approved Indirect
Cost Rate from U.S. Department of Interior to be applied in
administering Federal Programs. Monies deposited in the Indirect
Cost Account shall be expended for the following agencies:
(a) Department of Administration;
(b) Bureau of Budget & Management Research;
COL4/6/2022
(c) Office of Public Accountability;
(d) Guam State Clearinghouse.
(e) Guam Department of Education
Frequently Asked Questions About Guam § 221504
What does Guam Code Annotated § 221504 cover?
Section 221504 ("Deposits and Expenditures.") 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 § 221504?
A common citation format is "Guam Code Annotated § 221504" (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 § 221504 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.