Land Claims Loan Revolving Fund - Chapter 72 of 21 GCA “Real Property”.
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LEX-FAOC054372
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There is created the "Land Claimants Small Loan Revolving Fund" to grant loans to those persons who are eligible to bring proceedings for additional compensation under the provisions of section 204 of the Omnibus Territories Act of 1977 for additional compensation for land acquired by the United States between July 21, 1944 and August 23, 1963, in the manner provided by such statute. Substantial percentage of the lands in Guam are owned by the government of the United States, having been taken from the former owners through proceedings in eminent domain, or under threat of eminent domain, following the Second World War. The Board of Directors of the Guam Economic Development Authority shall be the administering authority of the Fund.
