Guam § 4111 - Appropriations.
Full text of Guam Guam Code Annotated § 4111 — Appropriations., with citation guidance and answers to common questions.
§ 4111. Appropriations.
(a) Appropriations are authorized for payment to the
Housing Corporation in the form of a grant, in such amounts as
may be estimated in advance in the annual budget as necessary
to cover losses to be sustained in the conduct of its activities
which are included in the annual budget as predominantly
revenue-producing. The Housing Corporation’s annual budget
program shall specifically set forth any loss sustained in excess
of the grant previously made for the last completed fiscal year.
COL9/7/2021
Appropriations are authorized for payment to the Housing
Corporation to cover such additional losses incurred.
(b) Appropriations are also authorized for payment to the
Housing Corporation in the form of a grant, to be accounted for
as general funds of the Housing Corporation, in such amounts as
may be necessary to meet expenses to be incurred for specific
programs which are included in the annual budget as not
predominantly of a revenue-producing character. Provided,
however, that
(1) in the case of activities of a predominantly non-
revenue-producing character the expenses shall not exceed
the amounts of the grants for these activities, and that
(2) the funds granted under this Subsection shall be
expended only upon certification by a duly authorized
certifying officer designated by the Housing Corporation.
Frequently Asked Questions About Guam § 4111
What does Guam Code Annotated § 4111 cover?
Section 4111 ("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 § 4111?
A common citation format is "Guam Code Annotated § 4111" (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 § 4111 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.