Guam § 50116 - Loan Guarantees.
Full text of Guam Guam Code Annotated § 50116 — Loan Guarantees., with citation guidance and answers to common questions.
§ 50116. Loan Guarantees.
The government of Guam will guarantee up to One Million Six Hundred Thousand Dollars
($1,600,000) of loans guaranteed by the Guam Economic Development Authority, or of loans made directly
to the Guam Economic Development Authority, by any financial institutions for the purpose of carrying
out its development projects, but not to exceed Four Hundred Thousand Dollars ($400,000) in any one (1)
fiscal year beginning July 1, 1968, and further, not to exceed Two Hundred Thousand Dollars ($200,000)
on any one (1) project.
Frequently Asked Questions About Guam § 50116
What does Guam Code Annotated § 50116 cover?
Section 50116 ("Loan Guarantees.") 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 § 50116?
A common citation format is "Guam Code Annotated § 50116" (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 § 50116 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.