Guam § 41003 - Housing Trust Fund Authorized Programs.
Full text of Guam Guam Code Annotated § 41003 — Housing Trust Fund Authorized Programs., with citation guidance and answers to common questions.
§ 41003. Housing Trust Fund Authorized Programs.
Programs established or planned to be established by the
GHC and funded through the Housing Trust Fund shall require
appropriate legislative action and authorization. Before such
legislative action and authorization, the GHC shall provide a
written report of each program established or planned to be
established by the GHC to the Speaker of I Liheslaturan
Guåhan. Such report shall detail the funding mechanism(s) or
source(s) to fund each program, the missions, objectives, and
goals of each program, the annual amount necessary to fund each
program, descriptions of the targeted population such program
intends to assist, use or inclusion of any Chamorro Land Trust
properties in achieving the missions, objectives, and goals of
each program, and any other information I Liheslaturan Guåhan
sees fit in determining the viability, feasibility, and necessity of
such programs.
(a) Authorized Program #1 - the First-time
Homeowner Assistance Program established by Article 7,
Chapter 4, Title 12 of the Guam Code Annotated is hereby
COL9/7/2021
authorized and approved by I Liheslaturan Guåhan and
funded by the Housing Trust Fund established herein.
(b) Authorized Program #2 – the Pilot Housing First
Program established by the Guam Housing Corporation
pursuant to §§ 127115(h) and 127116(g) of Chapter 127,
Title 11 GCA.
Frequently Asked Questions About Guam § 41003
What does Guam Code Annotated § 41003 cover?
Section 41003 ("Housing Trust Fund Authorized Programs.") 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 § 41003?
A common citation format is "Guam Code Annotated § 41003" (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 § 41003 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.