{"data":{"id":"us-gu/12-gca-50309","jurisdiction":"us-gu","citation":"12 GCA § 50309","heading":"Funding.","body":"The funding sources of the Program shall come from the following sources:\n(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;\n(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\n(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.\n(d) DPW shall provide as part of its planning and procurement of road construction, funding for economic mitigation and business interruption.","path":["Title 12: Autonomous Agencies","Division 2 - Economic Development","Chapter 50: Guam Economic Development and Commerce Authority","ARTICLE 3: GUAM ROAD CONSTRUCTION MITIGATION GRANT AND LOAN GUARANTEE PROGRAM"],"source_url":"https://col.guamcourts.gov/sites/default/files/12gc050.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:23:48Z","sha256":"2dfa1135f80026c420d66184192816975921434d0df0c668cd0d27ac8653ef0f","source_id":"us-gu","stale":false,"prev":"us-gu/12-gca-50308","next":"us-gu/12-gca-50310"},"notice":"GroundRules: Original legal text. Not legal advice."}