Guam § 66105 - Maximum Amount, Purpose of and Term of Bonds.
Full text of Guam Guam Code Annotated § 66105 — Maximum Amount, Purpose of and Term of Bonds., with citation guidance and answers to common questions.
§ 66105. Maximum Amount, Purpose of and Term of Bonds.
COL120106
Before issuing any bond or bonds, the Board shall, by indenture
approved by the Governor, declare the purpose for which the proceeds of
the bonds proposed to be issued shall be expended and shall specify the
maximum amount of bonds to be issued or sold for such purpose, and
their maximum term which shall not exceed the life of the Authority.
Bonds shall not be issued or sold for such purpose in an amount or for a
term exceeding that specified.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 66105
What does Guam Code Annotated § 66105 cover?
Section 66105 ("Maximum Amount, Purpose of and Term of Bonds.") 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 § 66105?
A common citation format is "Guam Code Annotated § 66105" (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 § 66105 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.