Guam § 5105 - Participation in Federal Programs.

§ 5105. Participation in Federal Programs.

(a) The Authority is empowered and authorized to participate in the

programs of the Federal Government and its agencies including the

Farmer’s Home Administration and the Department of Housing and

Urban Development in the fields of housing for low-income families,

elderly residents and for persons engaged in national defense activities or

for victims of a major disaster, urban renewal and related activities.

(b) In connection with such participation, and in addition to powers

otherwise conferred by this Article, the Authority is empowered and

authorized

(1) to enter into contracts and agreements of every kind and

nature with the Federal Government for any purpose related to such

programs, and shall comply with such contracts and any federal

rules, requirements, regulations and procedures, applicable to the

programs;

(2) to execute such mortgages, declarations or indentures of

trust, leases, undertakings or other agreements or documents of

every nature, as may be necessary, or required by the Federal

Government; and

(3) otherwise to comply fully with any conditions imposed by

the Federal Government upon participation by the Authority in such

programs, it being the intent of this Article to enable the Authority

to do any and all things necessary to secure participation in the

federal programs, and federal financial aid in such programs, and

the cooperation of the Federal Government in the carrying out,

undertaking, development, construction, maintenance and operation

of any project, in carrying out the functions of the Authority, and in

achieving the policies and purposes of this Article, and to assure

strict compliance by the Authority with any conditions imposed by

the Federal Government.

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(c) Further in connection with such participation, the Authority is

also empowered and authorized to borrow money, receive contributions

or grants, and accept other forms of financial assistance from or through

the facilities or guarantees of the Federal Government, and may accept,

and shall comply with such conditions as the Federal Government may

impose upon or attach to its financial aid.

(d) Further, in connection with such participation, the Authority

shall agree to and shall comply with any conditions imposed by the

Federal Government relating to the wages and hours of labor and labor

standards, in the development or administration of projects, and shall

include in any contract awarded or entered into in connection with any

project covenants that the contractor and all subcontractors shall comply

with all requirements as to wages and hours of labor and labor standards.