Guam § 1207 - Revenue Bond Redemption Fund, Establishment.
Full text of Guam Guam Code Annotated § 1207 — Revenue Bond Redemption Fund, Establishment., with citation guidance and answers to common questions.
§ 1207. Revenue Bond Redemption Fund, Establishment.
(a) There is established a special fund of the Authority, to be known as the Antonio B. Won Pat
International Airport Authority, Guam Bond Redemption Fund, which is a trust fund for paying and
securing the payment of the principal of and interest on and redemption premiums, if any, on the general
revenue bonds and which shall be at all times wholly segregated and set apart from all other funds of the
Government. As may be provided by the Board in the bond resolution, there shall be set aside and paid into
the Bond Redemption Fund an amount of money sufficient to pay the principal of and interest and
redemption premiums, if any, on the general revenue bonds as such payments become due and, if so
provided by the Board in the bond resolution, sufficient also to maintain reserves for this purpose. The
Bond Redemption fund shall be drawn upon for the purposes of paying the principal of and interest and
redemption premiums, if any, on the general revenue bonds, or for reimbursing any credit enhancement
provider for any such payment.
(b) In the event the Authority shall issue general revenue bonds which are payable junior and
subordinate to outstanding general revenue bonds, the Board may provide in the bond resolution authorizing
COL 2025-08-27
CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM
such junior and subordinate bonds for the creation and maintenance of such other funds and accounts as are
required to provide for the security of such bonds
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 1207
What does Guam Code Annotated § 1207 cover?
Section 1207 ("Revenue Bond Redemption Fund, Establishment.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 1207?
A common citation format is "Guam Code Annotated § 1207" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 1207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.