A bill to enhance the economic development of Guam, the Virgin Islands, American Samoa, the Northern Mariana Islands and for other purposes.

[AI summary unavailable — showing source text] Title I - Authorizes the Secretary of the Interior to encourage private investment in projects, enterprises, and activities in the territories of Guam, the Virgin Islands, American Samoa, and the Northern Mariana Islands. Requires such investments to contribute to economic development and to promote and develop business management expertise by supplementing private capital when it is not otherwise available on reasonable terms and conditions through other sources and by providing technical and other assistance. Establishes in the Treasury a Territorial Economic Development Fund which shall be available as a revolving fund for the purposes of this Act. Provides for the administration of such fund by the Secretary and a Board of Directors. Permits the Secretary to make loans from the Fund for a period not to exceed 25 years or 90 percent of the useful life of any physical asset to be financed by the loan, whichever is less. Prohibits approval of any loan unless the Secretary determines that credit is not otherwise available to the applicant on reasonable terms and conditions. Requires the Secretary to submit an annual report to Congress concerning the activities of the Board of Direc…