Guam § 22903 - Purpose and Expenditures.
Full text of Guam Guam Code Annotated § 22903 — Purpose and Expenditures., with citation guidance and answers to common questions.
§ 22903. Purpose and Expenditures.
The Rainy Day Fund shall be expended by appropriation by
law for the following purposes:
COL4/6/2022
(a) eliminating or reducing any General Fund deficit
existing at the end of a fiscal year substantially resulting from
an unexpected, substantial decline in revenues received or
due to the General Fund; or
(b) for expenses caused by a Guam emergency. No
monies can be transferred from the Rainy Day Fund by the
Governor pursuant to her transfer authority.
Frequently Asked Questions About Guam § 22903
What does Guam Code Annotated § 22903 cover?
Section 22903 ("Purpose 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 § 22903?
A common citation format is "Guam Code Annotated § 22903" (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 § 22903 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.