Guam § 22904 - Deposits and Appropriations.
Full text of Guam Guam Code Annotated § 22904 — Deposits and Appropriations., with citation guidance and answers to common questions.
§ 22904. Deposits and Appropriations.
All funds appropriated pursuant to § 22436, Chapter 22, Title
5, Guam Code Annotated, shall be deposited in the Rainy Day
Fund. However, no deposits to the Rainy Day Fund shall be made
if the Fund’s assets exceed ten percent (10%) of the average gross
operating requirements funded by the General Fund over the prior
three (3) fiscal years. No expenditures from the Rainy Day Fund
shall be made that reduce the Rainy Day Fund below the said ten
percent (10%) average of the gross operating requirements funded
by the General Fund over the prior three (3) fiscal years.
Expenditures from the Rainy Day Fund shall only be authorized
by an appropriation or appropriations authorization by the I
Liheslaturan Guåhan.
2020 NOTE: The requirement to deposit into the Rainy Day Fund was
suspended for Fiscal Year 2020 by P.L. 35-085:2 (Apr. 28, 2020).
Frequently Asked Questions About Guam § 22904
What does Guam Code Annotated § 22904 cover?
Section 22904 ("Deposits and Appropriations.") 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 § 22904?
A common citation format is "Guam Code Annotated § 22904" (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 § 22904 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.