5 GCA § 58B110
Authorization of Subsidy Payment
View official PDF ↗(a)Definitions. Words and phrases used in this Section have the respective meanings assigned to them in § 58B101 of this Chapter.
(b)Authorization. Subsidy payments received from the federal government with respect to the Qualified School Construction Bonds issued pursuant to this Chapter are hereby continuously authorized without regard to a fiscal year for the purpose of making Lease-Back payments.
§ The story of this section
- Enacted by P.L. 32-25 § 2 — introduced as Bill 1-32 · introduced by Rory J. Respicio · lead sponsor unverified
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.