The Director shall transmit to I Maga’hågan/Maga’låhen Guåhan and the Speaker of I Liheslaturan Guåhan, no later than thirty (30) days after the end of each fiscal year, a detailed report of each account of the Fund as follows: (a) the estimated total value of property forfeited under any law enforced or administered by the Guam Customs and Quarantine Agency with respect to which funds were not deposited into the Fund; (b) each account’s beginning balance on October 1st of each year; (c) sources of receipts (seized cash, conveyances, and others); (d) the net amount realized from the year’s operations, the amount of seized cash being held as evidence, and the amount of money legally allowed to be carried over to the following year; (e) a year-end report of each account balance; (f) a report for such fiscal year, containing financial statements, reviewed by the Public Auditor, and an audited report every three (3) years, including profit and loss information with respect to forfeited property (by category), and financial information on forfeited property transactions; and (g) any other pertinent information.
COL 2026-05-05
2024 NOTE: Reference to the “Governor of Guam” replaced with I Maga’hågan/Maga’låhen Guåhan. Reference to the “Guam Legislature” replaced with I Liheslaturan Guåhan pursuant to 2 GCA § 1101.
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COL 2026-05-05