Guam § 14231 - Guam Waterworks Authority Revenue Fund.

§ 14231. Guam Waterworks Authority Revenue Fund.

All revenues received from the operation of the system shall be deposited to the credit of the Guam

Waterworks Authority Revenue Fund, which fund is hereby created. Moneys in the Guam Waterworks

Authority Revenue Fund may be used for any of the following purposes in the order of priority set forth in

any indenture as provided in § 14210(j):

(a) to pay principal or interest on any bonds;

(b) to pay any amounts due and owing under any payment agreement or any credit provider

reimbursement agreement;

(c) to pay the annual system operation and maintenance costs; and

(d) 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.