Guam § 50306 - Application for Program Grants.
Full text of Guam Guam Code Annotated § 50306 — Application for Program Grants., with citation guidance and answers to common questions.
§ 50306. Application for Program Grants.
Applicants who are owners of small businesses shall be eligible for a Twelve Thousand Dollar
($12,000) grant from the Guam Economic Development Authority. The grant shall have the following
limitations:
(a) the grant shall be used to subsidize general operating expenses and provide working capital to
small businesses, including, but not limited to, the payment of rent, employee salaries and benefits,
supplies, and utilities;
(b) the grant is non-renewable; and
(c) the grant will be distributed in three (3) equal payments on the 10th of each month over three
(3) months.
Upon expiration of the grant, the grant recipients have the option of applying for a loan pursuant to § 50307.
No additional documents need to be submitted by grant recipients to receive the Program loans.
Frequently Asked Questions About Guam § 50306
What does Guam Code Annotated § 50306 cover?
Section 50306 ("Application for Program Grants.") 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 § 50306?
A common citation format is "Guam Code Annotated § 50306" (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 § 50306 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.