Guam § 22809 - Authorization for Credit Enhancement.
Full text of Guam Guam Code Annotated § 22809 — Authorization for Credit Enhancement., with citation guidance and answers to common questions.
§ 22809. Authorization for Credit Enhancement.
The Governor is authorized to enter into such contracts or
agreements with such banks, insurance companies or other
financial institutions as he determines are necessary or desirable
to improve the security and marketability of the Bonds issued
under this § 22811. Such contracts or agreements may contain an
obligation to reimburse, with interest, any such banks, insurance
companies or other financial institution for advances used to pay
principal of or interest on the Bonds. Any such reimbursement
obligation shall be a general obligation of the government of
Guam and any such advance, if necessary, shall be treated as
creating a reimbursement obligation issued to refund the Bonds.
Frequently Asked Questions About Guam § 22809
What does Guam Code Annotated § 22809 cover?
Section 22809 ("Authorization for Credit Enhancement.") 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 § 22809?
A common citation format is "Guam Code Annotated § 22809" (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 § 22809 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.