{"data":{"id":"us-gu/5-gca-1905","jurisdiction":"us-gu","citation":"5 GCA § 1905","heading":"Authorization of Appropriation and Payment of Subscription.","body":"(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;\n(b) I Maga’håga/Maga’låhi, on behalf of the government of Guam, shall:\n(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\n(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.","path":["Title 5: Government Operations","Division 1 - Laws Applicable to Executive Branch","Chapter 1: Office of I Maga'håga/Maga'låhi [Governor]","ARTICLE 9: PACIFIC ISLANDS DEVELOPMENT BANK"],"source_url":"https://col.guamcourts.gov/sites/default/files/05gc001_Q.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T02:16:28Z","sha256":"880c57149b4c5edd2fec2f3bfd5f7f8dba5cb163e39a94e7e91ae43b32c6d97d","source_id":"us-gu","stale":false,"prev":"us-gu/5-gca-1904","next":"us-gu/5-gca-1906"},"notice":"GroundRules: Original legal text. Not legal advice."}