Guam § 7110 - Employment Service Fund: Security.
Full text of Guam Guam Code Annotated § 7110 — Employment Service Fund: Security., with citation guidance and answers to common questions.
§ 7110. Employment Service Fund: Security.
All monies in the Fund shall be secured by the holding depositary in the manner and to extent required
by § 21114 of Title 4 Guam Code Annotated, and shall be maintained in a separate custody account. The
Treasurer of Guam shall be liable on his official bond for the faithful performance of his duties in connection
with the Fund. His liability on his official bond shall be effective immediately upon the enactment of this
provision, and this liability shall exist in addition to any liability upon any separate bond extant on the
effective date of this provision, or which may be given in the future. All sums recovered on this surety bond
for losses sustained by the Fund shall be deposited in the Fund. The cost of premiums for so much of the
surety bond as is necessary to provide protection against loss of monies in the Fund may be paid from
monies in the Fund.
Frequently Asked Questions About Guam § 7110
What does Guam Code Annotated § 7110 cover?
Section 7110 ("Employment Service Fund: Security.") 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 § 7110?
A common citation format is "Guam Code Annotated § 7110" (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 § 7110 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.