Guam § 9104 - Contents of Fiscal Note.

§ 9104. Contents of Fiscal Note.

(a) For appropriation bills, a fiscal note shall contain the best estimate

of the fiscal impact of a bill for the fiscal year in which it would become

effective, if enacted, and for the next four (4) succeeding fiscal years. If the

fiscal impact of the bill is not expected to occur within the operating fiscal

year, the estimate shall be for the first fiscal year in which it is expected to

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be fully effective, and for the next four (4) succeeding fiscal years.

(b) For non-appropriation bills, a fiscal note shall include, at least, but

not limited to the following information:

(1) the cost of the proposed legislation to the government for the

fiscal year in which it would become effective, if enacted, and for the

next four (4) succeeding fiscal years. If the fiscal impact of the bill is

not expected to occur within the operating fiscal year, the estimate

shall be for the first fiscal year in which it is expected to be fully

effective, and for the next four (4) succeeding fiscal years;

(2) whether or not the proposed legislation will establish a

program or agency that will duplicate the function of an existing

program or agency;

(3) whether or not there is a Federal mandate for the program or

agency; and

(4) whether or not any new physical facilities will be required.