Selection of Participants

In view of the urgency for the issuance of the bonds for the purpose of financing the projects enumerated in § 221404 of this Article, GEDCA is hereby authorized to utilize such method as it deems appropriate for the selection of all participants in connection with the issuance and sale of those bonds, including trustees, depositories, paying agents, underwriters, counsel, any credit enhancement provider and any other participants; provided, however, that such selection shall be subject to any provision of law which requires bidding, other competitive process, or any COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS other procedure with respect to such selection, except that GEDCA may limit the Requests for Proposals for services associated with the issuance of the bonds to those firms that have previously participated in bond issues for Guam.