19 Guam Code Ann. § 21112
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Terms Used In 19 Guam Code Ann. § 21112
- 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) Ninety percent (90%) of the funds available for any fiscal year for programs under this Chapter shall be expended for direct services and program activities for eligible youth.
(b) Not more than ten percent (10%) of the funds available for any fiscal year for programs under this Chapter shall be expended for the cost of administration.