Guam § 5308 - Grant: Establishment of Special Fund.
Full text of Guam Guam Code Annotated § 5308 — Grant: Establishment of Special Fund., with citation guidance and answers to common questions.
§ 5308. Grant: Establishment of Special Fund.
There is authorized to be appropriated the sum of Two Hundred
Fifty Thousand Dollars ($250,000) to the Guam Housing and Urban
Renewal Authority (GHURA) for the purpose of subsidizing directly
home purchasers under Preferences 1 and 2 due to insufficient income,
who would not otherwise qualify for home mortgage financing. In no
case shall such grant exceed Seven Thousand Dollars ($7,000) per
purchaser. A special fund shall be established to account for the subsidies
herein authorized under rules and regulations adopted therefor by the
Guam Housing and Urban Renewal Authority. Such rules and
regulations shall include, among other things, provisions setting forth the
criteria for eligibility to the subsidies.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 5308
What does Guam Code Annotated § 5308 cover?
Section 5308 ("Grant: Establishment of Special Fund.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 5308?
A common citation format is "Guam Code Annotated § 5308" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 5308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.