Page:United States Statutes at Large Volume 77.djvu/335

 77 STAT. ]

PUBLIC LAW 88-170-NOV. 4, 1963

303

collected pursuant to section 30 of the Organic Act of Guam (48 U.S.C. 1421h), before such sums are transferred to the Govern- 64 Stat. 392. ment of Guam, such amounts as the Secretary of the Interior estimates will reimburse the United States, with interest as set forth below, over a period of thirty years beginning June 30, 1968, for (a) 100 per centum of such moneys as are paid under section 2 hereof for water projects, power projects, or telephone projects; (b) 100 per centum of such moneys as are paid under section 2 hereof for use by the Government of Guam to permit Guam to qualify for participation in Federal programs; and (c) 50 per centum of all other moneys as are paid under section 2 hereof. The foregoing amounts, until reimbursed to the United States, shall bear interest beginning July 1, 1968, at a rate determined by the Secretary of the Treasury, which rate shall be determined by the Secretary of the Treasury, taking into consideration the average yield on outstanding marketable obligations of the United States of comparable maturities as of the last day of the month preceding the advance, adjusted to the nearest one-eighth of 1 per centum. All sums so withheld shall be deposited in the Treasury of the United States as miscellaneous receipts. SEC. 4. The Government of Guam in carrying out the purpose of this Act may utilize, to the extent practicable, the available services and facilities of agencies and instrumentalities of the Federal Government upon a reimbursable basis. Reimbursements may be credited to the appropriation or fund which provided the services and facilities or the appropriation or fund currently available for providing such services or facilities. Agencies and instrumentalities of the Federal Government shall make available to the Government of Guam upon request of the Secretary of the Interior such services and facilities as they are equipped to render or furnish, and they may do so without reimbursement if otherwise authorized by law. SEC. 5. No portion of the sums to be repaid by the Government of Guam to the Treasury, as provided for in section 3 hereof, shall be considered to be public indebtedness of Guam within the meaning of section 11 of the Organic Act of Guam (48 U.S.C. 1423a). 64 Stat. 387. SEC. 6. The Secretary of the Interior and the Governor of Guam, with the assistance of such departments and agencies of the Federal Government and the Government of Guam as the President and the Governor, respectively, may designate, shall prepare a longrange economic development plan for Guam. Of the moneys authorized to be appropriated by section 2 of this Act, not more than $200,000 shall be available to agencies of the Department of the Interior to carry out the purposes of this section. Other Federal departments and agencies designated by the President to furnish such assistance may do so without reimbursement or transfer of funds. An interim report of the Secretary and the Governor on Report to Pre siprogress toward formulation of such plan shall be presented to the '^*"* ^""^ ^°"' President and the Congress on or before September 1, 1964, or gress. nine months from the date on which appropriations to carry out this Act first become available, whichever occurs later, and the final report on the plan shall be presented on or before July 1, 1965, or eighteen months from the date on which appropriations to carry out this Act first become available, whichever occurs later. Approved November 4, 1963.

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