Guam § 17105 - Territory Not Liable for Bonds; Board Only Liable as
Full text of Guam Guam Code Annotated § 17105 — Territory Not Liable for Bonds; Board Only Liable as, with citation guidance and answers to common questions.
§ 17105. Territory Not Liable for Bonds; Board Only Liable as
Provided by Indenture.
The Board, with the approval of the Governor, shall issue revenue
bonds in its name and as its obligation, but no bond issued or sold pursuant
to this Chapter shall be or become a lien, charge or liability against the
Territory or the Governor or against the Board or against the property or
funds of the Board or the Territory or the Governor, except to the extent of
the pledge of revenues or part of revenues of the project, as may be
provided by the indenture pursuant to which revenue bonds are issued and
every such bond issued by the Board shall contain a recital on the face
thereof, stating that neither the payment of the principal nor any part
thereof, nor any interest thereon, constitutes a debt, liability or obligation of
the Territory.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17105
What does Guam Code Annotated § 17105 cover?
Section 17105 ("Territory Not Liable for Bonds; Board Only Liable as") 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 § 17105?
A common citation format is "Guam Code Annotated § 17105" (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 § 17105 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.