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11 GCA § 7407

Time for Report to Commission and Payment of Additional

Guam Code AnnotatedTitle 11 — Finance and Taxation
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Fees by Promoter.

(a)Every promoter shall, within ten

(10)days after the completion of any contest, match or exhibition for which an admission fee is charged and received, furnish to the Commission a verified written report COL 03072011 CH. 7 GUAM UNARMED COMBAT COMMISSION ACT OF 2009 showing:

(1)the number of tickets sold and issued or sold or issued for the contest, match or exhibition; and

(2)the amount of the:

(A)gross receipts from admission fees;

(B)gross receipts derived from the sale, lease or other exploitation of broadcasting, motion picture and television rights of such contest, match or exhibition, without any deductions for commissions, brokerage fees, distribution fees, advertising, contestants’ purses or any other expenses or charges; and

(C)such other matters as the Commission may prescribe.

(b)The promoter shall, not later than twenty

(20)days after the contest, match or exhibition, pay to the Commission the license and permit fee described in § 7406.

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