The Guam Preservation Trust Fund may be encumbered as collateral for a loan or line of credit to advance its grant programs pursuant to a Guam Historic Preservation Master Plan as de- scribed in § 76601(d) of this Article. The Trust is authorized to enter into such agreements necessary for the acquisition of the loan or line of credit, with any lending institution chosen under its procurement regulations and/or policies. Neither the Board of Directors nor the employees of the Trust shall incur any personal liability for any loan agreement lawfully entered into.

SOURCE: Added by P.L. 27-089:2 (May 6, 2004).