Guam § 50303 - Administration.
Full text of Guam Guam Code Annotated § 50303 — Administration., with citation guidance and answers to common questions.
§ 50303. Administration.
The following provisions shall govern the administration of this entire Chapter.
(a) Administrator. The Administrator of the Guam Economic Development Authority of the
Government of Guam (herein known as the Administrator) shall have the following duties, powers,
and authority:
(1) Establish procedures for receiving, responding to, and approval of applications to the
Program, which shall be submitted to the Speaker of I Liheslaturan Guåhan within thirty (30)
days of enactment. The Administrator shall notify each applicant, in writing, of the outcome of
the application no later than fifteen (15) days after a completed application package is received.
If an applicant to the Program is denied, the Administrator shall provide no later than three (3)
days after the decision, a written explanation on the basis of the denial. An applicant denied by
the Administrator may appeal the decision pursuant to § 50308 of this Article.
(2) Establish procedures for the periodic assessment of the Program which shall be
transmitted to the Speaker of I Liheslaturan Guåhan sixty (60) days after the close of the fiscal
year. The assessment, at a minimum, shall include the number of applicants to the Program, the
names of Program recipients, funds distributed for the year, the current balance of the Program,
and Program analysis on its legislative intent.
(3) Publish on the Guam Economic Development Authority website, sixty (60) days after
the close of the fiscal year, the number of applicants to the Program, the names of Program
recipients, the number of Program recipients, funds distributed for the year, the current balance
of the Program and Program analysis on its legislative intent.
(4) Establish criteria for the review and approval of Program applications consistent with
this Article and its intent.
(5) Promote and publish on the Guam Economic Development Authority website
information regarding the Program, its requirements, and benefits to small and mid-size business
owners.
Frequently Asked Questions About Guam § 50303
What does Guam Code Annotated § 50303 cover?
Section 50303 ("Administration.") 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 § 50303?
A common citation format is "Guam Code Annotated § 50303" (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 § 50303 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.