Guam § 60612 - Land Acquisition Fund.
Full text of Guam Guam Code Annotated § 60612 — Land Acquisition Fund., with citation guidance and answers to common questions.
§ 60612. Land Acquisition Fund.
There is within the government of Guam a special fund
known as The Land Acquisition Fund. The Land Acquisition Fund
shall be under the administration of the Governor of Guam. There
is hereby authorized to be appropriated the sum of not to exceed
five hundred thousand dollar ($500,000.00) as initial capital to
said fund which shall be replenished by annual appropriations by
the Legislature. The purpose of maintaining a separate fund for
land acquisition is to account separately for all costs of acquiring
private land for public purposes, expenditures from said fund to
be made only in connection with such acquisition. A strict account
shall be kept of all such expenditures and disbursements from such
fund and an annual report thereof shall be made to the Legislature
not later than one month following the close of each fiscal year.
Frequently Asked Questions About Guam § 60612
What does Guam Code Annotated § 60612 cover?
Section 60612 ("Land Acquisition Fund.") 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 § 60612?
A common citation format is "Guam Code Annotated § 60612" (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 § 60612 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.