Guam § 1206 - Antonio B. Won Pat International Airport Authority, Guam Revenue Fund, Creation.
Full text of Guam Guam Code Annotated § 1206 — Antonio B. Won Pat International Airport Authority, Guam Revenue Fund, Creation., with citation guidance and answers to common questions.
§ 1206. Antonio B. Won Pat International Airport Authority, Guam Revenue Fund, Creation.
(a) There is created a special fund of the Authority known as the Guam Airport Authority Revenue
Fund, which shall be wholly segregated and set apart from all other funds of the Government. The Revenue
Fund is and shall be a trust fund for the uses and purposes provided in this Article, and there shall be paid
into the Revenue Fund all revenue derived by the Authority from the ownership, lease, use and operation
of the airports, facilities and improvements thereof and facilities and improvements used in connection
therewith. The money in the Revenue Fund shall be used only to pay or secure the payment of:
(1) the principal of and interest on the general revenue bonds.
(2) The normal and necessary costs of maintaining and operating the airports and all of the
improvements and facilities thereof.
(3) The costs of renewals, replacements and extraordinary repairs to the airports and all of the
improvements and facilities of the airports.
(4) Any other costs relating to the ownership, use and operation of the airports.
(b) The Board may establish and use such other funds and accounts as are required to provide for the
security of the general revenue bonds.
(c) The Board may provide in the bond resolution that money in the Revenue Fund or any other fund
or account authorized by the bond resolution may be invested in any investments permitted by the bond
resolution. The interest earned upon or any profit derived from the sale of any such investment shall be
deposited in and become a part of the Revenue Fund, or, if so provided in the bond resolution, in the
Construction Fund.
(d) The Board may establish and use such funds and accounts as are required to provide for the security
of special revenue bonds, including reserves therefor. The Bond resolution may authorize that money in
such funds or accounts may be invested in any investments permitted by the bond resolution. The interest
earned upon or any profits derived from the sale of this investment shall be deposited in and become a part
of such funds and accounts.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 1206
What does Guam Code Annotated § 1206 cover?
Section 1206 ("Antonio B. Won Pat International Airport Authority, Guam Revenue Fund, Creation.") 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 § 1206?
A common citation format is "Guam Code Annotated § 1206" (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 § 1206 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.