Guam § 5409 - As-Tumbo Subdivision Fund.
Full text of Guam Guam Code Annotated § 5409 — As-Tumbo Subdivision Fund., with citation guidance and answers to common questions.
§ 5409. As-Tumbo Subdivision Fund.
The sum of Three Hundred Thousand Dollars ($300,000) is hereby
transferred from the revolving fund created by Section 3 of P.L. 14-5 as
amended by P.L. 14-57, 14-92 and 14-137, to the Guam Housing and
Urban Renewal Authority (GHURA) for the purpose of establishing the
As-Tumbo Subdivision Revolving Fund. The money in said revolving
fund shall be used for the purpose of meeting current obligations
incurred in the development or construction of the subdivision in this
Article. The Board shall authorize current payments to its contractors or
suppliers and proceeds of sales of lots in the subdivision shall be
deposited in the fund. Any balance remaining at the conclusion of the
project shall be paid over to the General Fund.
Frequently Asked Questions About Guam § 5409
What does Guam Code Annotated § 5409 cover?
Section 5409 ("As-Tumbo Subdivision 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 § 5409?
A common citation format is "Guam Code Annotated § 5409" (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 § 5409 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.