12 GCA § 66104
Amounts and Rates of Charges; Refunds
View official PDF ↗Payments and charges shall be fixed to yield annual revenues not less than the aggregate of the annual payments to the bond, sinking, reserve and other funds provided in an indenture for the bonds and operational costs. Provided, however, the total payments and charges shall not exceed one and three quarters percent (1 3/4%) over interest on the bonds.
§ The story of this section
- Enacted by P.L. 11-18 (bill & sponsor pending — earlier Legislature not yet ingested)
- Amended by P.L. 15-141 (bill & sponsor pending — earlier Legislature not yet ingested)
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.