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12 GCA § 14231

Guam Waterworks Authority Revenue Fund

Guam Code AnnotatedTitle 12 — Autonomous Agencies
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All revenues received from the operation of the system shall be deposited to the credit of the Guam Waterworks Authority Revenue Fund, which fund is hereby created. Moneys in the Guam Waterworks Authority Revenue Fund may be used for any of the following purposes in the order of priority set forth in any indenture as provided in § 14210(j):

(a)to pay principal or interest on any bonds;

(b)to pay any amounts due and owing under any payment agreement or any credit provider reimbursement agreement;

(c)to pay the annual system operation and maintenance costs; and

(d)for any other purposes of the Authority; all as provided in any indenture or indentures and subject to any restrictions provided by law or any indenture.

§ The story of this section

  1. 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.