Title 48 — Territories and Insular PossessionsRelease 119-73not60
§1428 Authorization of Appropriations
Title 48 › Chapter 8A— GUAM › Subchapter VI— GUAM DEVELOPMENT FUND › § 1428
Summary
Provides $5,000,000 for economic development in Guam to be paid to the government of Guam through the Secretary of the Interior. It also allows $1,000,000 a year to be paid to Guam for five fiscal years, starting in fiscal year 1978, for the same purpose.
Full Legal Text
Title 48, §1428
Territories and Insular Possessions — Source: USLM XML via OLRC
(a)For the purpose of promoting economic development in the territory of Guam, there is authorized to be appropriated to the Secretary of the Interior to be paid to the government of Guam for the purposes of this subchapter the sum of $5,000,000.
(b)In addition to the appropriations authorized in subsection (a), $1,000,000 is authorized to be appropriated to the Secretary of the Interior to be paid to the government of Guam annually for five fiscal years commencing in fiscal year 1978 to carry out the purposes of this subchapter.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was not enacted as part of the Organic Act of Guam which comprises this chapter.
Amendments
1977—Pub. L. 95–134 designated existing provisions as subsec. (a) and added subsec. (b).
Reference
Citations & Metadata
Citation
48 U.S.C. § 1428
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60