Guam § 51101 - Creation of the Income Tax Refund Efficient Payment
Full text of Guam Guam Code Annotated § 51101 — Creation of the Income Tax Refund Efficient Payment, with citation guidance and answers to common questions.
§ 51101. Creation of the Income Tax Refund Efficient Payment
Trust Fund.
(a) There is hereby created, separate and apart from all other funds
of the government of Guam, a trust fund known as the Income Tax
Refund Efficient Payment Trust Fund (‘Trust Fund’). The Trust Fund
shall not be commingled with the General Fund or any other funds of the
government of Guam, and it shall be maintained in a separate bank
account, administered by the Tax Commissioner. The Trust Fund’s
interest and investment earnings shall be subject to legislative
appropriation and shall be expended exclusively for the purposes set
forth under § 51103 of this Act.
(b) The deposits made to the Trust Fund pursuant to § 51102 shall
be invested or reinvested into interest bearing instruments, United States
treasury notes, investment grade and insured corporate notes, and other
like instruments which are readily convertible to cash needed to pay
income tax refunds.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 51101
What does Guam Code Annotated § 51101 cover?
Section 51101 ("Creation of the Income Tax Refund Efficient Payment") 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 § 51101?
A common citation format is "Guam Code Annotated § 51101" (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 § 51101 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.