12 Guam Code Ann. § 9304
Terms Used In 12 Guam Code Ann. § 9304
- 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.
Directors of the Guam Visitors Bureau containing:
(a) a statement of facts that a natural or man-made disaster has occurred on Guam, or certain external economic conditions have been experienced;
(b) a recitation of the activities to be undertaken to mitigate the potential harm to Guam’s tourism industry; and
(c) insufficient funds are available for such activities within the current fiscal year‘s operating budget; up to fifty percent (50%) of the Fund’s balance may be made available to the Guam Visitors Bureau for each such occurrence. If the activities to be undertaken require funding greater than the amount available, the Guam Visitors Bureau shall immediately notify I Liheslaturan Guåhan of their need for additional funding assistance, and seek the approval of legislation to expend more than the fifty percent (50%) authorized herein.