Guam § 17122 - Pledge of Revenues.
Full text of Guam Guam Code Annotated § 17122 — Pledge of Revenues., with citation guidance and answers to common questions.
§ 17122. Pledge of Revenues.
The Board, with the approval of I Maga=lahen Guahan may provide
that the bonds and the interest thereon and the costs incurred in the issuance
or administration thereof shall be secured by all or any part of the revenues.
Any pledge made to secure the bonds shall be valid and binding from the
time the pledge is made. The revenues pledged and thereafter received by or
on behalf of the University or by any trustee shall be deposited in a separate
fund or account and shall be immediately subject to the lien of such pledge
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without any physical delivery thereof or further act, and the lien of such
pledge shall be valid and binding against all parties having claims of any
kind in tort, contract or otherwise against the University or such trustee,
irrespective of whether the parties have notice thereof. The indenture by
which such pledge is created need not be recorded. All such revenues, to the
extent so pledged, are hereby continuously appropriated for such purpose.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17122
What does Guam Code Annotated § 17122 cover?
Section 17122 ("Pledge of Revenues.") 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 § 17122?
A common citation format is "Guam Code Annotated § 17122" (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 § 17122 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.