12 GCA § 72105
Administering Authority
View official PDF ↗The Board of Directors of the Guam Economic Development Authority shall be the administering authority of the Land Claimants Small Loan Revolving Fund, and the word ‘Board’ as used in this COL120106 CH. 72 LAND CLAIMS LOAN REVOLVING FUND Chapter shall refer to that Board of Directors. The word Corporation as used in this Chapter shall mean the Guam Economic Development Authority. The Board shall promulgate all rules and regulations necessary for the operation of the fund in accordance with this Chapter. Interest charged on loans shall not exceed six percent (6%) per annum.
§ The story of this section
- Enacted by P.L. 16-111 (bill & sponsor pending — earlier Legislature not yet ingested)
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.