Guam § 6204 - Guam Regional Transit Authority Fund.
Full text of Guam Guam Code Annotated § 6204 — Guam Regional Transit Authority Fund., with citation guidance and answers to common questions.
§ 6204. Guam Regional Transit Authority Fund.
(a) The Board shall adopt and maintain a system of accounting which is in accordance with generally
accepted accounting principles.
(b) There is established a fund to be known as the “Guam Regional Transit Authority Fund” which the
Authority shall maintain separate and apart from the other funds of the government of Guam, and
independent records and accounts shall be maintained in connection therewith. The Guam Regional Transit
Authority Fund shall be audited annually by an independent certified public accountant or by the Office of
Public Accountability.
(c) All monies received by the Authority from whatever source derived shall be deposited in the Guam
Regional Transit Authority Fund and used exclusively for the purposes of this statute.
(d) All expenditures, except as otherwise provided by law, shall be made from said Guam Regional
Transit Authority Fund.
(e) The Authority shall present an annual report within one hundred twenty (120) days after the end of
each fiscal year and, if requested by I Maga’håga/Maga’låhi or I Liheslatura, the Authority shall present
special reports within thirty (30) days after the end of each quarter. The financial information presented in
such reports shall be in accordance with the system of accounts adopted by the Board or as delineated by
requestor.
2009 NOTE: Reference to Office of Public Auditor changed to Office of Public Accountability pursuant to P.L. 30-
027:2 (June 16, 2009).
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 6204
What does Guam Code Annotated § 6204 cover?
Section 6204 ("Guam Regional Transit Authority 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 § 6204?
A common citation format is "Guam Code Annotated § 6204" (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 § 6204 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.