16 Guam Code Ann. § 3905
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Terms Used In 16 Guam Code Ann. § 3905
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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.
Beginning with Fiscal Year 2015, the rebates shall be paid from sums set aside in the annual budget of the government of Guam enacted for each fiscal year. Beginning in Fiscal Year 2015, Three Hundred Thousand Dollars ($300,000) shall be appropriated from the General Fund to the Guam Energy Office for the payment of rebates to eligible claimants. This appropriation shall continue to be available until fully expended.