Guam § 54102 - Same: Source of Money.
Full text of Guam Guam Code Annotated § 54102 — Same: Source of Money., with citation guidance and answers to common questions.
§ 54102. Same: Source of Money.
(a) The Governor of Guam and the Director of the Department of
Administration shall transfer to the Fund up to six hundred thousand
dollars ($600,000) annually of those revenues generated by any increase
in the fees collected by the government of Guam for the application for
or renewal of business licenses subsequent to June 30, 1995.
(b) The accumulated balance of the Fund inclusive of all receivables
shall not exceed three million dollars ($3,000,000). If the accumulated
balance of the Fund inclusive of all receivables reaches three million
dollars ($3,000,000), funding to the Fund shall be suspended until such
time as the accumulated balance of the Fund inclusive of all receivables
declines below three million dollars ($3,000,000).
(c) Any funds transferred to the Fund under this Act shall not be
subject to the Governor’s transfer authority.
Frequently Asked Questions About Guam § 54102
What does Guam Code Annotated § 54102 cover?
Section 54102 ("Same: Source of Money.") 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 § 54102?
A common citation format is "Guam Code Annotated § 54102" (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 § 54102 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.