An Act to promote the economic development of Guam
PL 90-601 (S.1763), enacted 10/17/1968

1172 
PUBLIC LAW 90-601-OCT. 17, 1968 
[82 STAT. 
October 17, 1968 
[S. 1763] 
Guam Develop-
ment Fund Act of 
1968. 
Appropriation. 
Plan. 
Loans. 
Maximum parti-
cipation in 
available funds. 
Accounting 
procedures. 
Public Law 90-601 
AN ACT 
To promote the economic development of Guam. 
Be It enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress as>iembled. 
SHORT TITLE 
SECTION 1. Tliis Act may be cited as the "Guam Development Fund 
Act of 1968". 
PURPOSE 
SEC. :1. For the purpose of promoting- economic development in 
the territory of Guam, there is hereby authorized to be appropriated 
to the Secretary of the Interior to be paid to the government of Guam 
for the purix)ses of this Act the sum of $5,000,000. 
SEC. 8. Prior to receiving- any funds pursuant to this Act the govern-
ment of (hiam shall submit to the Secretary of the Interior a plan for 
the use of such funds wliich meets the requirements of this section and 
is approved by the Secretary. The plan shall designate an agency or 
agencies of such government as the agency or agencies for the adminis-
tration of the plan and shall set forth the ix)licies and procedures to be 
followed in furthering the economic development of Guam through a 
program which shall include and make provision for loans and loa,n 
guarantees to promote the development of private enterprise and pri-
vate industry in Guam tlirough a revolving fund for such purposes: 
Provided^ That the term of any loan made pursuant to the plan shall 
not exceed twenty-five years; that such loans shall bear interest (exclu-
sive of premium charges for insurance, and service charges, if any) at 
such rate per annum as is detennined to be reasonable and as approved 
by the Secretary, but in no event less than a rate equal to the average 
yield on outstanding marketable obligations of the United States as of 
the last day of the month preceding the date of the loan, adjusted to the 
nearest one-eighth of 1 per centum, which rate shall be detei-mined by 
the Secretary of the Treasury upon the request of the authorized 
{igency or agencies of the government of Guam; and that premium 
charges for the insurance and guarantee of loans shall be commen-
surate, in the judgment of the agency or agencies administering the 
fund, with expenses and risks covered. 
SEC. 4. No loan or loan guarantee shall be made under this Act 
to any applicant who does not satisfy the agency or agencies admin-
istering the plan tliat financing is otherwise unavailable on reasonable 
terms and conditions. The maximum participation in the funds made 
available under section 2 of this Act shall be limited (a) so that not 
more than 25 per centum of the funds actually approj)riated by the 
Congress may be devoted to any single project (b) to 90 per centum 
of loan guarantee, and (c) with respect to all loans, to that degree 
of participation prudent under the circumstances of individual loans 
but directly related to the minimum essential participation necessary 
to accomplish the purposes of this Act: Provided, That, with respect 
to loan guarantees, the reserves maintained by the agency or agencies 
for the guarantees shall not be less than 25 per centum of the 
guarantee. 
SEC. 5. The plan provided for in section 8 of this Act shall set 
forth such fiscal control and fund accounting procedures as may be 
necessary to assure proper disbursement, repayment, and accounting 
for such funds. 
82 STAT. ] 
PUBLIC LAW 90-602-OCT. 18, 1968 
1173 
SEC. G. The Governor of Guam sliall make an annual report to the mittano^'con'^^' 
Secretary of tlie Interior on the administration of this Act who shall g""^^^-
tlien forward coi)ies of such reports to the Speaker of the House of 
Ivepresentatives and the President of the Senate. 
SKC. 7. The Comptroller General of the United States, or any of 
Auditing, 
his duly authorized representatives, shall have access, for the purpose 
of audit and examination, to the books, documents, papers, and rec-
ords of tlie agency, or agencies, of the government of Guam admin-
istering tlie plan that are jjertinent to the funds received under this 
Act. 
Approved October 17, 1968. 
Public Law 90-602 
AN ACT 
October 18, 19 68 
To aiiieud the Public Health Service Act to provide for the protection of the 
[H. R. 10790] 
public health from radiation emissions from electronic products. 
Be it enacted by the Senate and House of llepreHentafives of the 
United States of America In Congress assembled^ 
troTfor^HerithTnd 
Safety Act of 19 68. 
SHORT TITLE 
SECTION 1. This Act may be cited as the "Radiation Control for 
Health and Safety Act of 1968-'. 
AMENDMENTS TO PUBIJC HEALTH SERVICE ACT 
SEC. 2. Part F of title I I I of the Public Health Service xVct is gtat! fzt 
"'^''' 
amended— 
42 use 262-263a. 
(1) by striking out the heading for such part and inserting in 
lieu thereof the following: 
''PART F—LICENSING or BIOLOGICAL PRODUCTS AND CLINICAL LABORA-
TORIES A
N
D CONTROL OF RADIATION 
"SUBPART 1—BIOLOGICAL PRODUCTS"; 
(2) by inserting immediately above the section heading of 
section 353 the following: 
"SUBPART 2—CLINICAL LABORATORIES"; and 
(3) by adding at the end of such part F the following new 
subpart: 
"SUBPART 3—ELECTRONIC PRODUCT RADIATION CONTROL 
"DECLARATION OF PURPOSE 
"SEC. 354. The Congress hereby declares that the public health and 
safety must be protected from the dangers of electronic product radia-