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Terms Used In 17 Guam Code Ann. § 15204

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Students attending, or intending to attend, the Guam Community College shall be eligible for student loans as authorized by this Article. The amount allocated for such student loans for students attending the Guam Community College shall be at least twenty-five percent (25%) of all Student Financial Assistance Program funds allocated to on-Island Student Loans
as funded by the University of Guam’s Student Financial Assistance Program Fund. In the event that the entire twenty-five percent (25%) is not used by students of the Guam Community College, the remainder may be used for student loans at the University of Guam. The Student Loan Program shall be administered by the University of Guam for all recipients.

SOURCE: GC § 11811, repealed and reenacted by P.L. 11-138 (May 16,
1972), Subsections (c) and (d) added by 19-037:2 (Dec. 30, 1988). Subsection (b) amended by P.L. 21-136:19(b). Amended by P.L. 25-85:1 (Nov. 23, 1999).