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37 chapters · 1,178 sections in this title.
12 GCA § 10227 Use of Other Funds for System
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In addition to the proceeds of any bonds issued and sold pursuant to this Article, the Authority may use for the payment of the costs of acquisition, construction or improvement of the system or any part thereof any available money or funds of the Authority and any money or funds…
12 GCA § 10228 Insurance
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The Authority may insure against loss of revenues from any cause whatsoever. The Authority may insure against public liability or property COL1312018 damage from any cause. An indenture may provide for the carrying of such insurance or any other insurance in such amount and of su…
12 GCA § 10229 Pledge by the Government of Guam
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The government of Guam is fully committed to ensuring that the Authority has the ability to implement the capital improvements authorized to be financed by this legislation. The government also is fully committed to ensuring that bondholders are protected to ensure full and timel…
12 GCA § 10230 Limitations as to Competitive Systems
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An indenture may include such limitations as to acquisition, ownership or operation by the government of Guam of enterprises which may compete with the system as may be deemed necessary or desirable for the security of bonds issued pursuant to this Article. SOURCE: Added by P.L. …