Proceeds from the Trust shall be used exclusively for Interest Free Loans and the 3/2 Option provisions in participation with an underlying mortgage by a participating Financial Institution. The Interest Free Loan shall be subordinate to the underlying loan by the Financial Institution but shall not be subordinate to any other debt or debenture.
Use of Trust Proceeds for Interest Free Loans
12 GCA § 4210, under Guam Housing Corporation.
12 GCA § 4210