Guam § 76606 - Responsibilities of the Trust.
Full text of Guam Guam Code Annotated § 76606 — Responsibilities of the Trust., with citation guidance and answers to common questions.
§ 76606. Responsibilities of the Trust.
The Trust is subject to the following responsibilities:
(a) A fiduciary duty toward the funds and purposes of
the Trust;
(b) The preparation of an annual audit report which is
to be submitted to I Maga'lahen Guåhan [the Governor] and
I Liheslaturan Guåhan [the Legislature] within sixty (60)
days after the end of each fiscal year; and
(c) Establish guidelines relative to the Abatement of
Taxes as provided in Section 21 of Public Law 20-151.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 76606
What does Guam Code Annotated § 76606 cover?
Section 76606 ("Responsibilities of the Trust.") 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 § 76606?
A common citation format is "Guam Code Annotated § 76606" (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 § 76606 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.