Title 11 — Finance and Taxation
59 chapters · 1,261 sections in this title.
11 GCA § 31101 Definitions
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The definitions set forth herein shall govern the construction and interpretation of this Chapter: (a) Director means the Director of Administration. (b) District means the municipal districts as defined in and established by Title 1, Guam Code Annotated. (c) Fund means the separ…
11 GCA § 31102 Fund
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There is established the District Improvement Fund (the Fund) which shall be maintained separate and apart from any other funds of the government of Guam and independent records shall be kept in connection therewith.
11 GCA § 31103 Subaccounts
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COL120106 The Director is hereby directed to establish and maintain the Fund which shall include subaccounts for each of the districts.
11 GCA § 31104 Revenue Reports
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The Director of Revenue and Taxation shall provide the Director and the Legislature with a quarterly report of all revenue collected from each of the districts.
11 GCA § 31105 Annual Deposits
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The Director shall deposit Two Million One Hundred Seventy-Five Thousand Dollars ($2,175,000) from the revenue collected annually in the following subaccounts of the Fund: Dededo $150,000 Tamuning-Tumon $150,000 Barrigada $150,000 Yigo $150,000 Mangilao $105,000 Agat $105,000 Mon…
11 GCA § 31106 Use
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COL120106 Appropriations for improvements within a district may be made from the subaccount of the Fund for such district upon request to the Legislature by resolution of the Municipal Planning Council of such district but expenditures of such funds shall be governed by the procu…
11 GCA § 31107 Injunction
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The Director is enjoined from transferring or expending funds from any of the district subaccounts except as authorized by resolution of such district’s Municipal Planning Council.
11 GCA § 31108 Fund Report
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The Director shall provide the Legislature with a quarterly report of the balances of such district subaccounts.
11 GCA § 31109 Funds Unexpended
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Unexpended funds remaining in the Fund after the end of each Fiscal Year shall remain in the Fund and shall become a part of the current Fiscal Year balance.
11 GCA § 31110 Alternate Funding
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Any improvement that cannot be funded under this Chapter because of unavailability of funds may be funded from the unappropriated surplus of the General Fund.
11 GCA § 31111 Severability
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If any of the provisions of this Chapter or the application thereof to any person or circumstances are held invalid, such invalidity shall not affect any other provision or application of this Chapter which can be given effect without the invalid provision or application, and to …
11 GCA § 31112 Effective Date
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The provisions of this Chapter shall take effect upon enactment, except that capital improvement projects which have received appropriations prior to the effective date of this Chapter will remain appropriated pursuant to the prior acts in which they were appropriated. ----------…