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Agricultural Development Fund – Chapter 52 of 12 GCA – Autonomous Agencies.

Country/Territory
Guam (USA)
Document type
Legislation
Date
1994 (2007)
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Financial agricultural measures Special fund Subsidy/incentive
Geographical area
Micronesia, Oceania, South Pacific
Abstract

There is hereby established under section 1 a special fund called the Agricultural Development Fund, which shall be maintained separate and apart from any other funds of the Guam Economic Development Authority. Section 2 prescribes the source of moneys for the Fund. The moneys in the Fund are, in principle, to be used by the Guam Economic Development Authority as part of a joint program with the Department of Agriculture to aid in the development or subsidization of privately –owned poultry, pork and beef production, agricultural products, processing plants and equipment loans. Funds shall be used for direct loans to individuals as approved by the Department of Agriculture and the organization of separate agricultural corporations to be jointly managed by the Guam Economic Development Authority and the Department of Agriculture.

Full text
English
Website
www.guamcourts.org