37 chapters · 1,172 sections in this title.
12 GCA § 82222 Validity of Authorization and Issuance of Bonds
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The validity of the authorization and issuance of any bonds by the Authority is not dependent on nor affected in any way by: (a) proceedings taken by the Authority for the acquisition, construction or improvement of a project or any part thereof; (b) any contracts made by the Aut…
12 GCA § 82223 Tax Exemptions
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COL10312014 Bonds issued pursuant to the provisions of this Article and the interest or income therefrom are exempt from taxation to the extent permitted by the provisions of Section 11 of the Organic Act.
12 GCA § 82224 Guam Streetlight Authority Revenue Fund
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All revenues received from or on account of projects shall be deposited to the credit of the Guam Streetlight Authority Revenue Fund, which fund is hereby created. Moneys in the Guam Streetlight Authority Revenue Fund may be used for any of the following purposes in the order of …
12 GCA § 82225 Investment of Money in Funds
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Moneys in the Guam Streetlight Authority Revenue Fund may be invested by the Authority and any revenues in any other fund or account held by or on behalf of the Authority or its agent may be invested by the Authority or its agent, as the case may be, in any investment authorized …