Authorization of Appropriation and Payment of Subscription

(a)One Million Dollars ($1,000,000) are authorized to be appropriated, without fiscal year limitations, for the purchase of one thousand (1,000) shares of capital stock in the Bank;

(b)I Maga’håga/Maga’låhi, on behalf of the government of Guam, shall:

(1)make payment of an initial subscription to the additional capital stock of the Bank of a sum equivalent to One Hundred Thousand Dollars USD ($100,000 USD) in accordance with the terms of the Agreement; and

(2)subject to appropriation by I Liheslatura, make any additional payments which may become payable under the Agreement to purchase the shares under Subitem

(a)of this § 1905.