Guam § 66121 - Sale of Bonds; Maximum Discount.
Full text of Guam Guam Code Annotated § 66121 — Sale of Bonds; Maximum Discount., with citation guidance and answers to common questions.
§ 66121. Sale of Bonds; Maximum Discount.
Bonds authorized to be issued under the Chapter shall be sold by the
Board for cash, in accordance with the provisions of a resolution provid-
ing for such sale adopted by the Board and approved by the Governor.
COL120106
Such resolution by the Board may provide that the bonds shall be sold at
either public or private sale upon such notice as shall be specified in such
resolution, may fix terms and conditions for the sale or other disposition
of the bonds and may provide that the bonds shall be sold at less than
their par or face value, except that the discount on any bonds so sold
shall not exceed five percent (5%) of the par value thereof without the
written consent of the Governor. Before any bonds are delivered to the
purchaser thereof, all coupons, if any, which have matured on or before
the date of such delivery shall be detached therefrom and cancelled.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 66121
What does Guam Code Annotated § 66121 cover?
Section 66121 ("Sale of Bonds; Maximum Discount.") 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 § 66121?
A common citation format is "Guam Code Annotated § 66121" (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 § 66121 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.