Guam § 17130 - Board to Declare Purpose for Which Bonds Issued and
Full text of Guam Guam Code Annotated § 17130 — Board to Declare Purpose for Which Bonds Issued and, with citation guidance and answers to common questions.
§ 17130. Board to Declare Purpose for Which Bonds Issued and
Maximum Amount to be Issued.
Before issuing any bond or bonds, the Board shall by resolution,
approved by the Governor, declare the purpose for which the proceeds of
the bonds proposed to be issued shall be expended and shall specify the
maximum amount of bonds to be issued or sold for such purpose, and bonds
shall not be issued or sold for such purpose in an amount exceeding such
specified maximum except either (a) pursuant to a provision in an indenture
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pursuant to § 17108(e) of this Chapter, or (b) with the consent of
bondholders, pursuant to amendment or modification of an indenture, as
provided in § 17108(p) of this Chapter. Nothing in this Section contained
shall be construed to prevent the Board, with the approval of the Governor,
from amending any such resolution prior to the issuance of bonds
authorized thereby to increase or decrease the maximum amount of bonds to
be issued or sold. The issuance of bonds for one or more projects may be
included in a single resolution of authorization.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 17130
What does Guam Code Annotated § 17130 cover?
Section 17130 ("Board to Declare Purpose for Which Bonds Issued and") 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 § 17130?
A common citation format is "Guam Code Annotated § 17130" (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 § 17130 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.