12 GCA § 14207
Board to Declare Purpose and Maximum Amount of Bonds to Be Issued
View official PDF ↗Before issuing any bond or bonds, the Board shall 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 sold for such purpose. Bonds shall not be issued or sold for such purpose in an amount exceeding such specified maximum.
§ The story of this section
- Enacted by P.L. 28-71 § 2 — introduced as Bill 220-28 · introduced by Joanne Brown
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.