Guam § 60114 - Deposit of Funds Collected.
Full text of Guam Guam Code Annotated § 60114 — Deposit of Funds Collected., with citation guidance and answers to common questions.
§ 60114. Deposit of Funds Collected.
All taxes identified in § 60114.1 shall be divided equally and
deposited in the Guam Ancestral Lands Commission (GALC)
“Land Bank Fund” and the Chamorro Land Trust Commission
(CLTC) “Chamorro Home Development Fund” for the
development of infrastructure improvements on land trust
residential and agricultural lands. Both Commissions shall report
on a quarterly basis to the Speaker of I Liheslaturan Guåhan of
the revenues collected and expended from each fund and post the
same on each Commission’s website. The funds shall be subject
to periodic audits by the Guam Public Auditor.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 60114
What does Guam Code Annotated § 60114 cover?
Section 60114 ("Deposit of Funds Collected.") 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 § 60114?
A common citation format is "Guam Code Annotated § 60114" (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 § 60114 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.