Guam § 59107 - Use of Tax-Exempt Bonds for Financing.
Full text of Guam Guam Code Annotated § 59107 — Use of Tax-Exempt Bonds for Financing., with citation guidance and answers to common questions.
§ 59107. Use of Tax-Exempt Bonds for Financing.
To minimize the financing cost to the government, all financing
utilized by the Contractor to fund the design, construction, development
and maintenance of a Public Safety Facility shall be through tax-exempt
bonds or other financial instruments, if a mechanism to do so is available.
The purpose for this requirement is to assure the government pays the
lowest possible interest rate so that the cost of financing the design,
construction, development and maintenance of a Public Safety Facility to
the government amortized through the Lease-Back payments from the
government to the Contractor, will be lower than regular commercial
rates.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 59107
What does Guam Code Annotated § 59107 cover?
Section 59107 ("Use of Tax-Exempt Bonds for Financing.") 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 § 59107?
A common citation format is "Guam Code Annotated § 59107" (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 § 59107 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.