Authorization to Issue Bonds to Finance New Landfill Cell Development for the Benefit of

the Guam Solid Waste Authority.

(a)Definitions. The following terms wherever used or referred to in this Section or in any indenture or certificate entered into pursuant hereto (except to the extent modified therein in accordance with this Section) shall have the following meanings, respectively, unless a different meaning appears from the context:

(1)“Authority” means the Guam Solid Waste Authority, or its successors and assigns.

(2)“Pledged Revenue” means any revenue of the System pledged to the payment of bonds or the obligations of the Authority with respect thereto.

(3)“Revenue of the System” means all lawfully available gross income and other amounts received by or on behalf of the Authority as revenues of any kind from the ownership or operation of any part of the System, including all rates, fees and charges received by the Authority, and all proceeds of insurance or grants covering business interruption loss (and related losses and expenses) relating to the System, and all other income and revenue howsoever derived by the Authority from the ownership or operation of, or arising from, the System, together with all interest, profits or other income derived from the investment of amounts in the Solid Waste Operations Fund, to be deposited to the Solid Waste Operations Fund in accordance with 10 GCA § 51A833. CH. 1 OFFICE OF I MAGA’HÅGA/MAGA’LÅHI [THE GOVERNOR]

(4)“Solid Waste Operations Fund” means the fund by that name established pursuant to 10 GCA