Guam § 17119 - Sale of Bonds.
Full text of Guam Guam Code Annotated § 17119 — Sale of Bonds., with citation guidance and answers to common questions.
§ 17119. Sale of Bonds.
Bonds authorized to be issued under this Chapter shall be sold for cash,
in accordance with the provisions of a resolution authorizing such sale
adopted by the Board. Such resolution may provide that the bonds shall be
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sold at either public or private sale, may fix terms and conditions for the
sale or other disposition of the bonds and may provide that the bonds shall
be sold at less than their par or face value, except that no bonds shall be sold
at a price below the par or par value thereof which will result in a sale price
yielding to the purchaser an average of more than eight percent (8%) per
annum, payable semi-annually.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17119
What does Guam Code Annotated § 17119 cover?
Section 17119 ("Sale of Bonds.") 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 § 17119?
A common citation format is "Guam Code Annotated § 17119" (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 § 17119 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.