Approval of Guam Economic Development

Authority. Title 12 Guam Code Annotated § 50103(k) provides that agencies and instrumentalities of the Government shall issue bonds and other obligations only by means of and through the agency of the Guam Economic Development Authority (‘GEDA’). No issue of bonds authorized by this Article shall be COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS sold until the board of directors of GEDA has adopted a resolution approving the sale of such issue.