Guam § 22954 - Authorization for Credit Enhancement.
Full text of Guam Guam Code Annotated § 22954 — Authorization for Credit Enhancement., with citation guidance and answers to common questions.
§ 22954. Authorization for Credit Enhancement.
COL4/6/2022
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 any bonds authorized
by this Article. Such contracts or agreements may contain an
obligation to reimburse, with interest, any such banks, insurance
companies or other financial institutions for advances used to pay
principal of or interest on the issue. Any such reimbursement
obligation shall be payable solely from the same sources as debt
service on the issue is payable, and any such advance, if necessary,
shall be treated as creating a reimbursement obligation issued to
refund the issue.
Frequently Asked Questions About Guam § 22954
What does Guam Code Annotated § 22954 cover?
Section 22954 ("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 § 22954?
A common citation format is "Guam Code Annotated § 22954" (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 § 22954 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.