Annual Budget

For the purposes of Chapter 51A of Title 10 of the Guam Code Annotated, the term annual budget means a balanced budget for expenditures of the Guam Solid Waste Authority for a fiscal year to be funded by the anticipated revenues and other funds to be received and expended for the same fiscal year, submitted by the Authority to I Liheslaturan Guåhan and approved by law for the next fiscal year. The budget approved by I Liheslaturan Guåhan is not subject to the allotment process or the control of the Bureau of Budget and Management Research, nor shall I Maga’håga/Maga’låhi transfer funds out of the Authority. GSWA is authorized to use any carryover unexpended fund balances for purposes of Chapter 51A.