5 Guam Code Ann. § 22418
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Terms Used In 5 Guam Code Ann. § 22418
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Except for revenues derived from the sale of goods and services purchased from vending machines and amusement devices, which are located on property which is within the jurisdiction of the Department of Parks and Recreation, the University of Guam, the Guam Community College, the Guam Airport Authority and the public schools pursuant to Chapter 1, Article 2 of this Title, all net revenues derived from the sale of goods and services purchased from vending machines and amusement devices, located within any facility operated by the government including any autonomous or semi-autonomous government agency or any corporation which is wholly owned by the government shall be paid into the General Fund.
SOURCE: GC § 300 added by P.L. 13-190:1; amended by P.L. 18-003:1,
18-006:15, 18-007:5 and P.L. 19-24:1.