Guam § 75123 - Annual and Monthly Reports.
Full text of Guam Guam Code Annotated § 75123 — Annual and Monthly Reports., with citation guidance and answers to common questions.
§ 75123. Annual and Monthly Reports.
(a) The Guam Economic Development Authority shall prepare an annual report for presentation to the
Commission summarizing the benefits received by CLTC on activities of the commercial leasing program
for the fiscal year. The annual report shall contain findings on employment, payroll, gross receipts taxes
paid, local purchases made, and total and annual capital investments by tenants and their sub-tenants, if
any. The report shall not contain proprietary information of tenants. The report shall also contain a
projection of revenues over the next five (5)-year time period, and a discussion on outstanding issues and
recommendations. The report shall be submitted no later than December 31 covering the previous fiscal
year ending September 30. A copy of the annual report shall be submitted to the Speaker of I Liheslaturan
Guåhan and I Maga’hågan/Maga’låhen Guåhan.
(b) The CLTC shall provide monthly reports on the revenue, surveying, and infrastructure being made
from the leasing or licensing of CLTC lands pursuant to this Act to I Maga’hågan/Maga’låhen Guåhan,
the Speaker of I Liheslaturan Guåhan, and the Office of Public Accountability.
Frequently Asked Questions About Guam § 75123
What does Guam Code Annotated § 75123 cover?
Section 75123 ("Annual and Monthly Reports.") 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 § 75123?
A common citation format is "Guam Code Annotated § 75123" (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 § 75123 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.