Guam § 79101 - Creation of Fund.
Full text of Guam Guam Code Annotated § 79101 — Creation of Fund., with citation guidance and answers to common questions.
§ 79101. Creation of Fund.
(a) There is hereby created, separate and apart from other funds
of the government of Guam, a fund to be known as the ‘Special
Assets Forfeiture Fund’ (‘Fund’), which shall be divided into two
(2) accounts; one account to be known as the ‘Local Assets
Forfeiture Account’ (‘LAFA’), and the other account to be known
as the ‘Federal Shared Assets Forfeiture Account’ (‘FSAFA’).
(b) The Fund shall not be commingled with the General Fund
and shall be kept in a separate bank account, administered by the
Chief of Police of the Guam Police Department (‘Chief’).
(c) Expenditure from the Fund shall be authorized by
legislative appropriation exclusively for the purposes pursuant to §§
79104(a) and (b) of this Chapter.
2018 NOTE: Subsection designation added pursuant to authority by 1
GCA § 1606.
Frequently Asked Questions About Guam § 79101
What does Guam Code Annotated § 79101 cover?
Section 79101 ("Creation of 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 § 79101?
A common citation format is "Guam Code Annotated § 79101" (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 § 79101 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.