Budgetary Ceiling - Guam Legislature

The total budget of the Guam legislature shall at no time exceed two percent (2%) of the Government of Guam revenue projections set for the same fiscal year, as enacted into law in the Government of Guam Budget Act for that fiscal year. The legislature must set a revenue projection for the Government of Guam in the Annual Government of Guam Budget Act. SOURCE: Added by Initiative as certified by the Guam Election Commission on November 14, 1996.