Guam § 5309 - Revolving Fund.
Full text of Guam Guam Code Annotated § 5309 — Revolving Fund., with citation guidance and answers to common questions.
§ 5309. Revolving Fund.
There is appropriated from the General Fund the sum of Two
Hundred Fifty Thousand Dollars ($250,000) to the Guam Housing and
Urban Renewal Authority (GHURA) for the purpose of establishing a
revolving fund. The money in the revolving fund shall be used for the
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purpose of meeting current obligations incurred in the development or
construction of the subdivisions in this Article and to acquire substandard
dwellings. The Board shall authorize current payments to its contractors
or suppliers and proceeds of sales in the housing project shall be
deposited in the fund.
Frequently Asked Questions About Guam § 5309
What does Guam Code Annotated § 5309 cover?
Section 5309 ("Revolving 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 § 5309?
A common citation format is "Guam Code Annotated § 5309" (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 § 5309 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.