Definitions

(a)“Airport purposes” means any use which involves the operation of a facility:

(1)by the Authority to support or protect the activities of an airport as an air transportation facility, including activities such as the processing of aircraft, passengers, freight, and ground transport vehicles in an efficient and safe manner;

(2)by others to provide services that improve the overall effectiveness of an airport as an air transportation facility; and

(3)which is dependent upon the proximity to an airport for its effective performance.

(b)“Airports” means the Antonio B. Won Pat Guam International Air Terminal, together with all related facilities owned or operated by the Antonio B. Won Pat International Airport Authority, Guam together with any other airports hereafter owned or operated for civil aviation purposes by the Authority, whether as a replacement for the existing Antonio B. Won Pat Guam International Air Terminal, or otherwise, together with all related facilities, including all betterments, extensions or improvements thereon.

(c)“Authority” means the Antonio B. Won Pat International Airport Authority, Guam or a successor to the rights, powers, functions and duties, with respect to the management, administration and control of the airports which are now or hereafter vested in the Authority.

(d)“Board” means the Board of Directors of the Authority.

(e)“Bond” means a Antonio B. Won Pat International Airport Authority, Guam revenue bond, general or special, authorized to be issued by this Article.

(f)“Bondholder” means a holder or registered owner of any bonds.

(g)“Bond redemption fund” means the Guam Airport Authority bond redemption fund created by this Article, including any accounts which are created in that fund after the effective date of this Article.

(h)“Bond resolution” means the resolution or resolutions authorizing the issuance of the bonds as provided in this Article.

(i)“Construction fund” means the Antonio B. Won Pat International Airport Authority, Guam construction fund created by this Article, including any account created therein.

(j)“Credit enhancement” means insurance against loss due to default on bonds.

(k)“Director of Administration” means the Director of Administration of the government of Guam.

(l)“General revenue bond” means a bond, the repayment of which is assured by the dedication by the Authority of all or part of the revenue of the Authority except any revenue which may be obligated for the payment of a special revenue bond.

(m)“Government” means the Government of Guam.

(n)“Revenue” means all income, howsoever derived, received or collected from the rates, rentals, fees and charges prescribed for the use and services of, and the facilities and commodities furnished by, the Authority, including without limitation all income received from the imposition of any fee or impost for any use, benefit or privilege exercised at the airports by users, tenants, licenses or concessionaires thereof, but shall not include income derived from facilities financed from the proceeds of special revenue bonds except to the extent provided in the bond resolution authorizing the issuance of such special revenue bonds. CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM

(o)“Revenue fund” means the Antonio B. Won Pat International Airport Authority, Guam revenue fund created by this Article.

(p)“Special revenue bond” means a bond, the repayment of which is assured by the dedication by the Authority of a particular source of revenue, which source shall be specified in the resolution authorizing the issuance of such bond.