Guam § 50309 - Funding.
Full text of Guam Guam Code Annotated § 50309 — Funding., with citation guidance and answers to common questions.
§ 50309. Funding.
The funding sources of the Program shall come from the following sources:
(a) The Guam Economic Development Authority may obtain business interruption insurance
policy coverage of up to Two Million Dollars ($2,000,000) for the purpose of distributing grant
benefits pursuant to § 50306. Payment of the annual insurance premiums for the policy coverage shall
be taken from the bond origination fees generated by GEDA;
(b) The Guam Economic Development Authority shall make available from the Guam Economic
Development Fund Act (GEDFA) no less than Five Hundred Thousand Dollars ($500,000) and up to
One Million Dollars ($1,000,000), which shall provide the funding source for the loans granted
pursuant to § 50307; and
(c) The sum of Four Hundred Thousand Dollars ($400,000) is appropriated from the operating
fund balance of the Guam Economic Development Authority for the grant program pursuant to 12
G.C.A. § 50306.
(d) DPW shall provide as part of its planning and procurement of road construction, funding for
economic mitigation and business interruption.
Frequently Asked Questions About Guam § 50309
What does Guam Code Annotated § 50309 cover?
Section 50309 ("Funding.") 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 § 50309?
A common citation format is "Guam Code Annotated § 50309" (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 § 50309 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.