Title 17, Education

The Board, with the approval of the Governor, may provide for the execution and authentication of bonds by the manual, lithographed or printed facsimile signature of any one or more officers of the Board and by additional authentication by endorsement by the manual signature or a…

Bonds shall bear dates prescribed by the Board, with the approval of the Governor. Bonds may be serial bonds or sinking fund bonds with such maturities as the Board, with the approval of the Governor, may determine. No bond, by its terms, shall mature in more than fifty (50) year…

The Board shall cause to be prepared the requisite number of suitable bonds of the denominations and in accordance with the specifications contained in the indenture. SOURCE: GC § 11850.17. Repealed and reenacted by P.L. 24-275:9.

Bonds authorized to be issued under this Chapter shall be sold for cash, in accordance with the provisions of a resolution authorizing such sale adopted by the Board. Such resolution may provide that the bonds shall be COL120106 sold at either public or private sale, may fix term…

The Board may provide for the security of bonds. The Board may use and expend all or any part of any funds or proceeds of any property owned by it (including any moneys in the University Auxiliary Services Fund whether received by gift, appropriation or otherwise, if not restrict…

Bonds. All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, constru…

The Board, with the approval of I Maga=lahen Guahan may provide that the bonds and the interest thereon and the costs incurred in the issuance or administration thereof shall be secured by all or any part of the revenues. Any pledge made to secure the bonds shall be valid and bin…

Pending the actual issuance or delivery of bonds, the Board, with the approval of the Governor, may issue temporary or interim bonds, certificates or receipts of any denomination whatsoever, and with or without coupons, to be exchanged for definitive bonds when ready for delivery…

Coupons. The Board, with the approval of the Governor, may provide for the replacement of lost, destroyed or mutilated bonds or coupons. SOURCE: GC § 11850.23.

Bonds issued pursuant to the provisions of this Chapter and the interest or income therefrom are exempt from taxation in accordance with the provisions of the last sentence of § 1423a of the Organic Act [48 U.S.C.]. SOURCE: GC § 11850.24.

of Any Act. Notwithstanding any other provision of law, all bonds sold and delivered pursuant to the provisions of this Chapter are legal investments for all trust funds and for the funds of all banks, both commercial and savings, and may be deposited as security for the performa…

COL120106 The Board, with the approval of the Governor, may provide for the issuance, sale or exchange of refunding bonds for the purpose of redeeming or retiring any bonds issued under the provisions of this Chapter. All provisions of this Chapter, applicable to the issuance of …

be Issued. Funding or refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all bonds to be funded or refunded thereby, and in addition for the payment of all expenses incident to the calling, retiring or paying of such outstanding bon…

All bonds issued under the provisions of this Chapter are negotiable instruments, except when registered in the name of a registered owner. SOURCE: GC § 11850.28.

Maximum Amount to be Issued. Before issuing any bond or bonds, the Board shall by resolution, approved by the Governor, declare the purpose for which the proceeds of the bonds proposed to be issued shall be expended and shall specify the maximum amount of bonds to be issued or so…

The Board has full charge of the acquisition, construction and completion of authorized projects approved by I Maga=lahen Guahan and shall proceed with such work forthwith and may construct any project and acquire all property necessary therefor on such terms and conditions as th…

Declared in Favor of Bondholders; Tax Exemption. Title to all property acquired by or for the Board and the revenues and income therefrom is in the University. The title to any moneys, revenues, sinking funds, reserve funds and other funds created by this Chapter, and the income …

At all times the operation, maintenance, control, repair, construction, reconstruction, alteration and improvement of any project are vested in the Governor and the Board, subject to such authorized leases as may be permitted by any indenture. The Board shall comply with all appl…

The Board may use for the payment of the costs of acquisition, construction or completion of any project any funds made available to the Board by the Territory or any other funds provided from any source which are to be expended for the accomplishing of the purposes set forth in …

The Board may insure against loss of revenues from any cause whatsoever and the proceeds of any such insurance shall be used solely for the payment of bonds and the interest thereon. SOURCE: GC § 11850.34.

Matters Provided for in Indenture. The Board may insure against public liability or property damage. The Board may, with the approval of the Governor, provide in an indenture for the carrying of such insurance or any other insurance in such amount and of such character as it shal…

and Engrossing. COL120106 [Repealed] SOURCE: GC § 11850.36. Repealed by P.L. 24-275:14.

The Board, with the approval of the Governor, may include in an indenture such limitations as to competitive projects, both as to location and comparative rentals, as may be deemed necessary or desirable for the security of bonds issued pursuant to this Chapter. SOURCE: GC § 1185…

Subject to any limitations that may be prescribed by the indenture, the holder of any bond issued pursuant to this Chapter, may, by mandamus or other appropriate proceeding, require and compel the performance of any of the duties imposed upon or assumed by the Board, I Maga=lahen…

The indenture may create a fund designated as the University Construction Fund and may create one (1) or more accounts therein. The COL120106 proceeds from the sale of the bonds issued under the indenture shall be deposited in such fund or in such account thereof as may be specif…

The indenture may provide for the creation of a fund to be designated as the University Revenue Fund and may create one (1) or more accounts therein. All revenues pledged to secure bonds shall be deposited as provided in the indenture authorizing the issuance of such bonds and sh…

Monies in the University Construction Fund and the University Revenue Fund may be invested, subject only to such limitations as may be provided in the indenture providing for the issuance of the bonds. All interest or other investment earnings received pursuant to such investment…

Fund. [Repealed] SOURCE: GC§ 11850.46. Repealed by P.L. 24-275:20. NOTE: See Note to § 17102. COL120106

All money in the funds created by or referred to in the provisions of this Chapter is hereby appropriated for expenditure in carrying out the purposes herein provided. SOURCE: GC § 11850.47.

This Chapter shall be liberally construed to carry out the objects and purposes and the declared policy of the Territory as in this Chapter set forth. SOURCE: GC § 11850.48. ---------- COL120106

There is hereby created ‘The Dr. Antonio C. Yamashita Educator Corps (‘Educator Corps’) composed of the Guam Teacher Corps, the Guam Counselor Corps, the Fifth-Year Induction Corps, and the Guam Principal Corps. SOURCE: Added by P.L. 24-231:2 (Aug. 12, 1998) and amended by P.L. 2…

Education. The Educator Corps Council shall consist of seven (7) members. These members are: the administrative chair of the School of Education of the College of Professional Studies or its successor in interest of the University of Guam; the Personnel Administrator of the Depar…

Any four (4) members of the Council shall constitute a quorum. A vacancy in the Council shall not affect its powers. SOURCE: Repealed by P.L. 25-024:2 (June 2, 1999). Reenacted in present form by P.L. 27-096:4 (June 25, 2004).

The Dr. Antonio C. Yamashita Educator Corps Council shall advise the School of Education of the University of Guam regarding the professional education programs contained in this Chapter as they relate to the recruitment and education of prospective teachers, counselors and schoo…

The duties and responsibilities of the School of Education of the University of Guam shall include: (a) establishing, pursuant to the Administrative Adjudication Law, rules, regulations and appropriate policies to govern the Educator Corps; (b) periodically assessing the professi…

Within a month of the end of each academic year, the President of the University of Guam shall conduct an annual assessment and evaluation of the programs created by this Chapter. The findings and recommendations of this evaluation shall be submitted in a report to I Liheslaturan…

The duties and responsibilities of the Educator Corps Administrator shall include: (a) serve as the chief officer of the Educator Corps; (b) administer the day-to-day operations of the Educator Corps; (c) screen applications and make recommendations to the School of Education for…

The budget for salaries, stipends, travel and operational requirements shall be submitted annually by the School of Education for approval by I Liheslaturan Guahan. I Liheslaturan Guahan shall appropriate funds to the University of Guam which shall disburse them pursuant to the d…

All funds appropriated to the Guam Teacher Corps prior to the enactment of this Article shall be deemed as appropriated to The Dr. Antonio C. Yamashita Educator Corps.

The Dr. Antonio C. Yamashita School of Education may, subject to the terms and conditions of a Memorandum of Understanding with the Department of Revenue and Taxation, garnish the tax refunds due to any recipient of assistance pursuant to this Chapter and/or the recipient’s co- s…

If any part or provision of this Chapter, or the application of this Chapter to any person or circumstance, is held invalid, the remainder of this Chapter, including the application of such part or provisions to other persons or circumstances, shall not be affected by such a hold…

(a) The Guam Teacher Corps shall consist of students who have declared their intention to become educators and who are enrolled in the teacher educational programs at the University of Guam, or if such programs are not available at the University of Guam, at other accredited inst…

Program. (a) Students in the program must complete an application form provided by the School of Education and satisfy all the requirements set out in § 18101, supra. (b) A monthly allowance shall be paid to a person who is enrolled pursuant to the following schedule: (1) college…

Baccalaureate Degree. (a) The Educator Corps Council may award Teacher Corps scholarships to individuals possessing a baccalaureate degree in a course of study other than education for the purpose of meeting teacher certification requirements. (b) The scholarships awarded under t…

(a) The Educator Corps Council may award Teacher Corps scholarships beyond the four (4) year limitation of § 18202 for individuals to seek graduate training, that may include a masters degree, for teaching specialties that require training beyond a baccalaureate degree. COL622016…

The Educator Corps Council may award Teacher Corps Scholarships to individuals majoring in a course of study other than education; provided, that such course of study meets the requirements for concentration and certification in a subject related to secondary education and that s…