Guam § 52109 - Creation of Fund.
Full text of Guam Guam Code Annotated § 52109 — Creation of Fund., with citation guidance and answers to common questions.
§ 52109. Creation of Fund.
There is hereby established the Physician Education Debt
Repayment Fund (Fund), in which awards granted to participants of the
Physician Recruitment and Retention Program shall be financed. The
Fund shall be held in an account separate and apart from all other
accounts and funds of the government of Guam, and shall not be subject
to the transfer authority of I Maga’lahen Guåhan. The Board is
authorized to accept gifts, devises, bequests, donations, and all other
kinds of contributions for the purposes of the Fund. Up to Two Million
Dollars ($2,000,000) from the Healthy Futures Fund shall be annually
transferred to the Physician Education Debt Repayment Fund, and any
direct appropriations, from any source, by I Liheslaturan Guåhan.
Repayments to the Fund pursuant to § 52107, and any unused
amounts, shall remain in the Fund. Funds in the Physician Education
Debt Repayment Fund shall only be used as awards for participants of
the Program, except that not more than Fifty Thousand Dollars ($50,000)
shall be used to subsidize the administrative costs for the administration
of this Program.
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Frequently Asked Questions About Guam § 52109
What does Guam Code Annotated § 52109 cover?
Section 52109 ("Creation of Fund.") 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 § 52109?
A common citation format is "Guam Code Annotated § 52109" (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 § 52109 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.