12 Guam Code Ann. § 9302
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Terms Used In 12 Guam Code Ann. § 9302
- 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.
An amount equal to one and one-half percent (1½%) of the adopted revenue projection of the Tourist Attraction Fund for each fiscal year, or Two Hundred Thousand Dollars ($200,000), whichever amount is greater, shall be set aside and allocated by the Department of Administration to the Guam Visitors Bureau for deposit into the Fund established by this Section. Each annual deposit shall be made over the course of the fiscal year as collections are received.
SOURCE: Added by P.L. 30-116:1(b) (Apr. 1, 2010), amended by P.L.
34-135:1 (Oct. 17, 2018).