Legislative Statement and Intent

12 GCA § 81102, under Guam Economic Development Authority Tobacco Settlement Revenue Bond Act.

12 GCA § 81102

I Liheslaturan Guåhan [The Guam Legislature] hereby incorporates by reference and reiterates the findings made in Public Law Number 25- 187 concerning the sale and securitization of the tobacco settlement payments allocable to Guam under the Master Settlement Agreement between the major United States tobacco manufacturers and forty-six (46) states, Guam, the District of Columbia, the Commonwealth of

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Puerto Rico, the U.S. Virgin Islands, American Samoa and the Commonwealth of the Northern Mariana Islands. It is the intent of I Liheslaturan Guåhan [the Legislature] to approve the terms of the sale and securitization as required by 12 GCA §24102.