Guam § 10232 - Jose D. Leon Guerrero Commercial Port Revenue Fund.
Full text of Guam Guam Code Annotated § 10232 — Jose D. Leon Guerrero Commercial Port Revenue Fund., with citation guidance and answers to common questions.
§ 10232. Jose D. Leon Guerrero Commercial Port Revenue Fund.
COL1312018
All revenues received from the operation of the system shall be
deposited to the credit of the Jose D. Leon Guerrero Commercial Port
Revenue Fund, which fund is hereby created. Moneys in the Jose D.
Leon Guerrero Commercial Port Revenue Fund may be used for any of
the following purposes in the order of priority set forth in any indenture
as provided in 12 GCA § 10210(j):
(a) to pay the annual system operation and maintenance costs;
(b) to pay principal or interest on any bonds;
(c) to replenish any debt service reserve funds related to
bonds;
(d) to pay any amounts due and owing under any payment
agreement or any credit provider reimbursement agreement; and
(e) for any other purposes of the Authority; all as provided in
any indenture or indentures and subject to any restrictions provided
by law or any indenture.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 10232
What does Guam Code Annotated § 10232 cover?
Section 10232 ("Jose D. Leon Guerrero Commercial Port Revenue Fund.") 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 § 10232?
A common citation format is "Guam Code Annotated § 10232" (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 § 10232 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.