Guam § 1201 - Definitions.

§ 1201. Definitions.

(a) “Airport purposes” means any use which involves the operation of a facility:

(1) by the Authority to support or protect the activities of an airport as an air transportation

facility, including activities such as the processing of aircraft, passengers, freight, and ground transport

vehicles in an efficient and safe manner;

(2) by others to provide services that improve the overall effectiveness of an airport as an air

transportation facility; and

(3) which is dependent upon the proximity to an airport for its effective performance.

(b) “Airports” means the Antonio B. Won Pat Guam International Air Terminal, together with all

related facilities owned or operated by the Antonio B. Won Pat International Airport Authority, Guam

together with any other airports hereafter owned or operated for civil aviation purposes by the Authority,

whether as a replacement for the existing Antonio B. Won Pat Guam International Air Terminal, or

otherwise, together with all related facilities, including all betterments, extensions or improvements

thereon.

(c) “Authority” means the Antonio B. Won Pat International Airport Authority, Guam or a successor

to the rights, powers, functions and duties, with respect to the management, administration and control of

the airports which are now or hereafter vested in the Authority.

(d) “Board” means the Board of Directors of the Authority.

(e) “Bond” means a Antonio B. Won Pat International Airport Authority, Guam revenue bond, general

or special, authorized to be issued by this Article.

(f) “Bondholder” means a holder or registered owner of any bonds.

(g) “Bond redemption fund” means the Guam Airport Authority bond redemption fund created by this

Article, including any accounts which are created in that fund after the effective date of this Article.

(h) “Bond resolution” means the resolution or resolutions authorizing the issuance of the bonds as

provided in this Article.

(i) “Construction fund” means the Antonio B. Won Pat International Airport Authority, Guam

construction fund created by this Article, including any account created therein.

(j) “Credit enhancement” means insurance against loss due to default on bonds.

(k) “Director of Administration” means the Director of Administration of the government of Guam.

(l) “General revenue bond” means a bond, the repayment of which is assured by the dedication by the

Authority of all or part of the revenue of the Authority except any revenue which may be obligated for the

payment of a special revenue bond.

(m) “Government” means the Government of Guam.

(n) “Revenue” means all income, howsoever derived, received or collected from the rates, rentals, fees

and charges prescribed for the use and services of, and the facilities and commodities furnished by, the

Authority, including without limitation all income received from the imposition of any fee or impost for

any use, benefit or privilege exercised at the airports by users, tenants, licenses or concessionaires thereof,

but shall not include income derived from facilities financed from the proceeds of special revenue bonds

except to the extent provided in the bond resolution authorizing the issuance of such special revenue bonds.

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(o) “Revenue fund” means the Antonio B. Won Pat International Airport Authority, Guam revenue

fund created by this Article.

(p) “Special revenue bond” means a bond, the repayment of which is assured by the dedication by the

Authority of a particular source of revenue, which source shall be specified in the resolution authorizing

the issuance of such bond.