Guam § 22803 - Terms and Conditions of the Bonds; Governor’s
Full text of Guam Guam Code Annotated § 22803 — Terms and Conditions of the Bonds; Governor’s, with citation guidance and answers to common questions.
§ 22803. Terms and Conditions of the Bonds; Governor’s
Certificate.
The Governor has assured the Legislature that interest rates
in the nation’s capital markets are more favorable than the current
six per cent (6%) required to be paid on income tax refunds owed,
and that such rates vary between three and nine-tenths percent
(3.9%) and five and three-quarters percent (5.75%). In the event
the Governor elects to issue the Bonds their terms and conditions
shall be determined by the Governor upon or prior to their
issuance by his execution of a certificate authorizing such
issuance. The certificate shall contain such terms and conditions
as are consistent with this § 22811. The Bonds shall mature at such
times as are not later than sixty (60) months after the date of their
issuance, and shall bear interest at a fixed or variable rate, not
exceeding a net effective yield of seven percent (7%) per annum.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 22803
What does Guam Code Annotated § 22803 cover?
Section 22803 ("Terms and Conditions of the Bonds; Governor’s") 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 § 22803?
A common citation format is "Guam Code Annotated § 22803" (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 § 22803 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.