5 GCA § 4123
Federal Receipts Reporting Requirements
View official PDF ↗(a)Definitions. As used in this Section:
(1)Designated state agency means an agency or authority of the government of Guam; and includes a department, institution, board, bureau, commission, council, committee of Guam government, branch, autonomous instrumentality, public corporation funded by public taxes or funds, or other public entity of the government of Guam.
(2)Designated state agency does not include the judicial branch, the legislative branch, or an office or other entity within the judicial branch or the legislative branch.
(3)Federal receipts means the federal financial assistance, as defined in 31 U.S.C. Sec. 7501, that is reported as part of a single audit.
(4)Single audit is as defined in 31 U.S.C. Sec. 7501.
(b)Federal Receipts Reporting Requirements.
(1)Designated state agencies shall each year, on or before October 31, prepare a report that:
(A)reports the aggregate value of federal receipts the designated state agency received for the preceding fiscal year;
(B)reports the aggregate amount of funds for federal matching grants in aid appropriated by I Liheslaturan Guåhan (the Guam Legislature) to the designated state agency for the preceding fiscal year;
(C)calculates the percentage that constitutes federal receipts of the total budget for the designated state agency received for that fiscal year; and
(D)develops a plan(s) for operating the designated state agency, and its affected federal program(s) if there is a reduction in the federal receipts that the designated agency receives. COL1312018 CH. 4 PROGRAM BUDGETING AND FINANCIAL MANAGEMENT
(2)The designated state agencies shall submit the report to the Bureau of Budget and Management Research
(BBMR)on or before November 1 of each year.
(3)The BBMR shall, on or before November 30 of each year, prepare a report that:
(A)compiles and summarizes the reports that the BBMR receives in accordance with Subsection (2); and
(B)compares the aggregate value of federal receipts each designated state agency received for the previous fiscal year to the aggregate amount of federal funds to the total budget of the designated state agency for that fiscal year.
(4)BBMR shall, as part of the report required by Subsection (3), compile a list of designated state agencies that do not submit a report as required by this Section.
(5)BBMR shall submit the report required by Subsection
(3)to the legislative appropriations committee and the Speaker of I Liheslaturan Guåhan on or before December 1 of each year.
(6)Upon receipt of the report required by Subsection (3), the legislative appropriations committee shall place the report on the agenda for review and consideration at the next committee meeting.
(7)When considering the report required by Subsection (3), the legislative appropriations committee may elect to:
(A)recommend that I Liheslaturan Guåhan (the Guam Legislature) reduce or eliminate the appropriations for a designated state agency;
(B)take no action; or
(C)take another action that a majority of the committee approves.
§ The story of this section
- Enacted by P.L. 33-86 § 2 — introduced as Bill 144-33 · introduced by Frank Blas Jr + 14 cosponsors
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.