Guam § 5123 - Power to Render Assistance by Taxes, Appropriations,
Full text of Guam Guam Code Annotated § 5123 — Power to Render Assistance by Taxes, Appropriations,, with citation guidance and answers to common questions.
§ 5123. Power to Render Assistance by Taxes, Appropriations,
Borrowings, Bonds, Etc.
The government of Guam may levy taxes, appropriate funds, incur
indebtedness and issue bonds for the purposes of procuring funds to be
loaned, appropriated, contributed or granted, to the Authority for
carrying out its powers, functions and duties under this Article, for the
provision of public improvements and other forms of local governmental
cooperation, and for use in connection with any project of the Authority,
or otherwise to carry out the purposes of this Article. Bonds to be issued
by such government pursuant to the provisions of this Section shall be
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issued in the manner and within the limitations prescribed by law for the
issuance and authorization of bonds.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 5123
What does Guam Code Annotated § 5123 cover?
Section 5123 ("Power to Render Assistance by Taxes, Appropriations,") 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 § 5123?
A common citation format is "Guam Code Annotated § 5123" (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 § 5123 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.