12 Guam Code Ann. § 50303
Terms Used In 12 Guam Code Ann. § 50303
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) Administrator. The Administrator of the Guam Economic Development Authority of the Government of Guam (herein known as the Administrator) shall have the following duties, powers, and authority:
(1) Establish procedures for receiving, responding to, and approval of applications to the Program, which shall be submitted to the Speaker of I Liheslaturan Guåhan within thirty (30) days of enactment. The Administrator shall notify each applicant, in writing, of the outcome of the application no later than fifteen (15) days after a completed application package is received. If an applicant to the Program is denied, the Administrator shall provide no later than three (3) days after the decision, a written explanation on the basis of the denial. An applicant denied by the Administrator may appeal the decision pursuant to § 50308 of this Article.
(2) Establish procedures for the periodic assessment of the Program which shall be transmitted to the Speaker of I Liheslaturan Guåhan sixty (60) days after the close of the fiscal year. The assessment, at a minimum, shall include the number of applicants to the Program, the names of Program recipients, funds distributed for the year, the current balance of the Program, and Program analysis on its legislative intent.
(3) Publish on the Guam Economic Development Authority website, sixty (60) days after the close of the fiscal year, the number of applicants to the Program, the names of Program recipients, the number of Program recipients, funds distributed for the year, the current balance of the Program and Program analysis on its legislative intent.(3) Establish criteria for the review and approval of Program applications consistent with this Article and its intent.
(4) Promote and publish on the Guam Economic Development Authority website information regarding the Program, its requirements, and benefits to small and mid-size business owners.