Terms Used In 5 Guam Code Ann. § 80117

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The Board shall have authority to solicit for and accept on behalf of, and in the name of, the government of Guam from any government or agency thereof, or any person, advisory services, grants-in-aids, gifts, donations of money and other property for the benefit of the Library System, or the Guam Archives; provided, that any grants-in-aid, gifts, donations or other form of assistance involving an obligation on the part of the Library System or the Guam Archives or the government of Guam shall require the approval of I Maga’lahi. The Guam Public Library system may, upon approval of the Board, engage in fundraising activities for the benefit of the Public Libraries. The Board shall submit an annual report on such fundraising activities to I Maga’lahi and I Liheslatura.

SOURCE: GC § 42015, amended by P.L. 10-008, P.L. 15-124:2 (Feb. 14,
1969), P.L. 17-038:2 (Dec. 2, 1983); P.L. 22-092:7 (Mar. 7, 1994). Codified by the Compiler to this section. Repealed and reenacted by P.L.
24-041:3 (June 20, 1997). Amended by P.L. 28-050:5 (June 30, 2005).