Filing of Annual Reports

(a)The Guam Basketball Confederation shall annually submit a copy of the financial statement required pursuant to § 14102, Chapter 14, Title 18 GCA to the Speaker of I Liheslaturan Guåhan, the Public Auditor, and the Administrator of GEDA.

(b)The Guam Basketball Confederation shall annually submit a detailed report of the expenses eligible for tax credits incurred to the Speaker of I Liheslaturan Guåhan, the Public Auditor, and the Administrator of GEDA.

(c)The Guam Basketball Confederation shall ensure that its articles and by-laws are current, and should there be any amendments to such articles and by-laws, it shall immediately file such amendments with the Department of Revenue and Taxation.