Terms Used In 12 Guam Code Ann. § 1107

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) The Board shall appoint an Executive Manager, who shall be its chief executive officer. The Executive Manager shall serve at the pleasure of the Board, which shall fix his compensation. The Executive Manager shall have full charge and control of the operations and maintenance of the airports controlled by the Authority, and of the construction of any airports, facilities, runways, taxiways and other necessary works controlled by, or required to be constructed or repaired by the Authority.

(b) The powers of the Executive Manager include:

(1) To see that all rules and regulations of the Authority are enforced.

(2) To attend, unless excused by the Board, all meetings of the Board and to submit reports on the affairs of the Authority as required by the Board.

(3) To keep the Board advised on the needs of the Authority and to approve demands for payment of obligations within the purposes and amounts authorized by the Board.

(4) To prepare or cause to be prepared all plans and specifications for the construction and repair of works and facilities operated by the Authority.

(5) To devote his entire time to the business of the Authority, to select and appoint the employees of the Authority, except as otherwise provided in this Chapter, and

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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM

to plan, organize, coordinate and control the services of such employees in the exercise of the powers of the Authority under the general direction of the Board.

(6) To cause to be published within one hundred twenty (120) days from the end of each fiscal year a financial statement showing the results of operations for the preceding fiscal year and the financial status of the Authority on the last day thereof. The publication shall be made in the manner provided by the Board.

(7) To perform such other and additional duties as the
Board may require.

SOURCE: GC § 62006, as enacted by P.L. 13-057 (Sept. 26, 1975).