Guam § 23108 - Funding.
Full text of Guam Guam Code Annotated § 23108 — Funding., with citation guidance and answers to common questions.
§ 23108. Funding.
(a) The Incubator may receive, manage and invest monies or other
property, real personal or mixed, which may be given, bequeathed, devised
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or in any manner received by the incubator, its improvement or adornment,
or the aid or advantage of its clients or staff, and in general act as trustee on
behalf of the incubator for any such purposes or objects, based on approval
by the Board.
(b) The Board may adopt a schedule of fees that shall be charged by
the Incubator for its services, publications and presentations. Such fees and
other monies as may be available to Incubator from any other source, other
than locally or federally appropriated funds, shall be deposited in a special
account known as the "Small Business Incubator Revolving Fund" for use
by the Incubator, subject to the approval of the Board, for carrying out the
operations and activities of the Incubator.
(c) Funds appropriated to the Incubator shall be expended only as
provided by the act making such appropriation.
(d) The Board shall cause to be kept appropriate books of all resources
under the control of the incubator and provide a report of such accounts
annually, on the thirtieth day of October of each year, to the Committee on
Economic Development of the Guam Legislature.
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Frequently Asked Questions About Guam § 23108
What does Guam Code Annotated § 23108 cover?
Section 23108 ("Funding.") 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 § 23108?
A common citation format is "Guam Code Annotated § 23108" (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 § 23108 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.