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Lawmakers back fines, timelines to speed delivery of agency audits; floor adopts extension process
Summary
Senators broadly supported Bill 14‑38 COR, which would fine agency heads $250 for late audited financial reports and direct fines to the Guam Memorial Hospital Authority; the floor adopted an amendment establishing an administrative extension process and a five‑day advance notice requirement.
The Guam Legislature on Monday debated and amended Bill 14‑38 COR, a measure intended to strengthen timeliness and accountability for audited fiscal reports across government agencies.
The bill would impose a $250 penalty on department or agency heads who fail to submit required audit reports by statutory deadlines and direct collected fines to the Guam Memorial Hospital Authority operations fund. The sponsor said the measure is intended to address chronic delays in the Guam Comprehensive Annual Financial Report, which the sponsor said has missed its statutory deadline multiple times and impairs legislative oversight and budgeting.
Floor deb…
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