Legislative Statement and Intent

I Liheslaturan Guåhan [The Guam Legislature] hereby incorporates by reference and reiterates the findings made in Public Law Number 25187 concerning the sale and securitization of the tobacco settlement payments allocable to Guam under the Master Settlement Agreement between the major United States tobacco manufacturers and forty-six

(46)states, Guam, the District of Columbia, the Commonwealth of COL05272011 CH. 81 GEDCA TOBACCO SETTLEMENT REVENUE BOND ACT Puerto Rico, the U.S. Virgin Islands, American Samoa and the Commonwealth of the Northern Mariana Islands. It is the intent of I Liheslaturan Guåhan [the Legislature] to approve the terms of the sale and securitization as required by 12 GCA §24102.