Title 10 — Health and Safety
112 chapters · 2,597 sections in this title.
10 GCA § 65A101 Title
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This Chapter shall be known and be cited as The Disaster Recovery Relief Act of 2002. SOURCE: Enacted by P.L. 26-174:1 (Jan. 5, 2003) as uncodified law. Codified by Compiler as § 65A001 and renumbered to § 65A101 pursuant to the authority of 1 GCA § 1606.
10 GCA § 65A102 Legislative Findings
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(a) I Liheslaturan Guåhan has determined that in times of Disaster, such as typhoons and earthquakes, there is a critical need for access to money for emergency measures, capital and non-capital improvements and replacements, renovations and general rehabilitation of Guam’s commu…
10 GCA § 65A103 Definitions
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The following words and phrases are defined in this Chapter to have the same meaning throughout this Chapter. “Chapter” means “The Disaster Reimbursement Act of 2002.” “DAT” means the Damage Assessment Team, which is composed of any officials designated by FEMA or any other Feder…
10 GCA § 65A104 Procurement for LOC, Collateral, Terms and Conditions
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(a) Upon passage of this Chapter, the Guam Economic Development and Commerce Authority (GEDCA) shall immediately initiate preparation of solicitation documents from RFP lenders. The solicitation shall require the lender provide a credit facility in the form of a revolving LOC. Th…
10 GCA § 65A105 Purposes and Authority of the DDT in the Disaster Process
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Guam shall issue an RFP and execute a contract for services of DDT to be activated after the declaration of a Federal disaster on Guam. The DDT, which shall be selected, organized, paid for and supervised by Guam, will perform the following duties. When a Disaster occurs, a DAT c…
10 GCA § 65A106 Assignments
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To provide security for the lender for the Guam loans under this Chapter, Guam shall assign the corresponding FEMA funds which are expected to be received. If an assignment is made to FEMA by Guam, to the full extent allowed by Federal and Guam law, the proceeds of the FEMA disbu…
10 GCA § 65A107 Use of Funds
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I Maga’hågan/Maga’låhen Guåhan is authorized, upon passage of this Chapter and without further approval, to draw upon the LOC for emergency purposes to address the damage resulting from disasters; provided, such projects have been received and approved for FEMA funding by FEMA; a…
10 GCA § 65A108 Lenders Disaster Escrow Account
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After submission of the FEMA required documentation by the DDT to the GRO and the request for a drawdown by Guam on the revolving LOC, the lender shall pay the money to the LDEA, which will be through an escrow selected by lender, through an escrow process performed directly by l…
10 GCA § 65A109 Applicability of Chapter
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This Chapter shall be applicable to all disasters occurring after December 1, 2001. SOURCE: P.L. 26-174:9 (Jan. 5, 2003); compiler by Compiler.
10 GCA § 65A110 Lender May Use Tax Exempt Bonds
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The Lender may use as a source of funds to make loans under the LOC, money from tax-free bonds, if such tax free bonds are available for any portion of the loans of the lender. Guam acknowledges and understands that at least as to the LOC loans repaid by FEMA reimbursement, that …
10 GCA § 65A111 Annual Appropriation
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There is hereby appropriated annually from the General Fund the amount necessary to fully fund the debt service on the local matching funds required and incidental charges of the line of credit proceeds used for such purposes. SOURCE: Added by P.L. 26-174:11 (Jan. 5, 2003); codif…