Guam § 50103 - (k) of Title 12 of the Guam Code Annotated, hereby approves the

§ 50103. (k) of Title 12 of the Guam Code Annotated, hereby approves the

issuance and sale by the Guam Economic Development Authority of bonds in

a principal amount not to exceed Forty Million Dollars ($40,000,000);

provided, that the conditions to the issuance of such bonds shall have been

met, such bonds have a final maturity not later than the Year 2043, bear

interest at such rate and are sold for such price or prices as shall result in a

yield to the bondholders not exceeding eight percent (8%) per annum, and are

issued and sold pursuant to an indenture in substantially the form presented to

the session of I Liheslaturan Guåhan, in which this Act was passed.

Section 4. Ratification of Prior Acts. I Liheslaturan Guåhan

hereby approves, confirms and ratifies all actions heretofore taken by or on

behalf of the government in connection with the Master Settlement

Agreement, including, but not limited to, the execution and delivery of the

Master Settlement Agreement.

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