11 GCA § 50102

Creation of Income Tax Refund Reserve Fund; No

Guam Code AnnotatedTitle 11 — Finance and Taxation

Commingling. There is hereby created, separate and apart from other funds of the government of Guam, a reserve fund known as the Income Tax Refund Reserve Fund (the Fund). The Fund shall not be commingled with the General Fund or any other funds of the government of Guam, and it shall be maintained in a separate bank account as required under this Chapter.

§ The story of this section

Enacted by P.L. 22-140 § IV — introduced as Bill 1097-22

Interpreted by the courts:

2014 Guam 15 — In Re Request of I Mina Trentai Dos Na Liheslaturan Guahan Relative to the Use of Funds from the Tax Refund Efficient Pa (2014) · per Robert J. Torres, J. · cited at ¶55

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.