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Guam has not adopted a constitution of its own, the federal Organic Act of 1950 serves as its founding charter, establishing the three branches of the territorial government and a bill of rights. Codified at 48 U.S.C. ch. 8A.
48 U.S.C. § 1425a § 1425a. Legislative authority to create authorities; appointment of members; powers of authorities
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The Legislature of Guam may by law grant to a public corporate authority, existing or to be created by or under such law, powers to undertake urban renewal and housing activities in Guam. Such legislature may by law provide for the appointment, terms of office, or removal of the …
48 U.S.C. § 1425b § 1425b. Issuance of notes, bonds, and obligations
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The Legislature of Guam may by law authorize such authority, any provision of the Organic Act of Guam [48 U.S.C. 1421 et seq.], or any other Act of Congress to the contrary notwithstanding, to borrow money and to issue notes, bonds, and other obligations of such character and mat…
48 U.S.C. § 1425c § 1425c. Authorization of loans, conveyances, etc.
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The Legislature of Guam may by law assist such authority by furnishing, or authorizing the furnishing of, cash donations, loans, conveyances of real and personal property, facilities, and services, and otherwise, and may by law take other action in aid of urban renewal or housing…
48 U.S.C. § 1425d § 1425d. Ratification of prior act
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Each and every part of Public Law 6–135, approved December 18, 1962, heretofore enacted by the Legislature of Guam dealing with any part of the subject matter of sections 1425a to 1425e of this title and not inconsistent therewith is ratified and confirmed.