12 GCA § 4105
Bonds as Special Obligations
View official PDF ↗Every Bond issued by the Housing Corporation pursuant to this Chapter shall be a special obligation of the Housing Corporation payable solely from the revenues and other property specified in the indenture or resolution providing for the issuance of such bond. Every bond shall recite that it is not public indebtedness of the Territory of Guam as that term is used in §11 of the Organic Act.
§ The story of this section
- Enacted by P.L. 16-42 (bill & sponsor pending — earlier Legislature not yet ingested)
- Amended by P.L. 24-81 § 6 — introduced as Bill 149-24 · introduced by Mark Forbes + 20 cosponsors · lead sponsor unverified
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.