Guam § 5 - Application of Bond Expense Fund.
Full text of Guam Guam Code Annotated § 5 — Application of Bond Expense Fund., with citation guidance and answers to common questions.
§ 5. Application of Bond Expense Fund.
All amounts in the Bond Expense Fund shall be used and
withdrawn by the Trustee (or by the Government upon
Requisition) solely for the purpose of paying Bond Expenses. The
Trustee shall disburse moneys in the Bond Expense Fund only
upon Requisition of the Government stating the person to whom
payment is to be made, the amount to be paid, the purpose for
COL4/6/2022
which the obligation was incurred and that such payment is a
proper and lawful charge against said Fund. Any excess amounts
in the Bond Expense Fund shall be transferred by the Trustee to
the Revenue Fund. [None of the amount deposited pursuant to
Frequently Asked Questions About Guam § 5
What does Guam Code Annotated § 5 cover?
Section 5 ("Application of Bond Expense Fund.") 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 § 5?
A common citation format is "Guam Code Annotated § 5" (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 § 5 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.