12 GCA § 9302
Annual Deposit
View official PDF ↗An amount equal to one and one-half percent (1½%) of the adopted revenue projection of the Tourist Attraction Fund for each fiscal year, or Two Hundred Thousand Dollars ($200,000), whichever amount is greater, shall be set aside and allocated by the Department of Administration to the Guam Visitors Bureau for deposit into the Fund established by this Section. Each annual deposit shall be made over the course of the fiscal year as collections are received.
§ The story of this section
- Enacted by P.L. 30-116 § 1 — introduced as Bill 18-30 · introduced by James V. Espaldon + 2 cosponsors
- Amended by P.L. 34-135 § 1 — introduced as Bill 319-34 · introduced by James V. Espaldon
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.