12 Guam Code Ann. § 50116
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Terms Used In 12 Guam Code Ann. § 50116
- 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.
The government of Guam will guarantee up to One Million Six Hundred Thousand Dollars ($1,600,000) of loans guaranteed by the Guam Economic Development Authority, or of loans made directly to the Guam Economic Development Authority, by any financial institutions for the purpose of carrying out its development projects, but not to exceed Four Hundred Thousand Dollars ($400,000) in any one (1) fiscal year beginning July 1,
1968, and further, not to exceed Two Hundred Thousand Dollars
($200,000) on any one (1) project.
1968, and further, not to exceed Two Hundred Thousand Dollars
($200,000) on any one (1) project.
SOURCE: GC § 53595.