3 Guam Code Ann. § 16221
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Terms Used In 3 Guam Code Ann. § 16221
- 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 fiscal impact statement shall contain the best estimate of the fiscal impact of an initiative for the fiscal year in which it would become effective, if enacted, and for the next four (4) succeeding fiscal years. If the fiscal impact of the measure is not expected to occur within the operating fiscal year, the estimate shall be for the first fiscal year in which it is expected to be fully effective, and for the next four (4) succeeding fiscal years.
SOURCE: Added by P.L. 31-283:2 (Dec. 31, 2012).