Guam § 22960 - Approval of Terms and Conditions.
Full text of Guam Guam Code Annotated § 22960 — Approval of Terms and Conditions., with citation guidance and answers to common questions.
§ 22960. Approval of Terms and Conditions.
Title 12 Guam Code Annotated § 50103(k) also provides that
GEDA shall not sell any bond without the approval of the Guam
Legislature of the terms and conditions of the issuance of the
bonds. The Guam Legislature hereby approves the issuance, terms
and conditions of the bonds authorized by this Article in an
aggregate principal amount not to exceed Eighty Million Dollars
($80,000,000), with a final maturity not exceeding twenty (20)
years and bearing interest at fixed rates not exceeding seven
percent (7%) per annum. The bonds shall be issued pursuant to an
indenture in substantially the form of the indenture presented to
this Legislature as evidenced by the attached “Exhibit A” made
part of this Act.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 22960
What does Guam Code Annotated § 22960 cover?
Section 22960 ("Approval of Terms and Conditions.") 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 § 22960?
A common citation format is "Guam Code Annotated § 22960" (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 § 22960 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.