Guam § 68109 - Credit of Territory Not Pledged.
Full text of Guam Guam Code Annotated § 68109 — Credit of Territory Not Pledged., with citation guidance and answers to common questions.
§ 68109. Credit of Territory Not Pledged.
Bonds or notes issued under the provisions of this Chapter shall not
be deemed to constitute a debt, liability or obligation of the Territory or
of any political subdivision thereof or a pledge of the faith and credit of
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the Territory or of any such political subdivision, but shall be payable
solely from the revenues and other funds provided therefor. Each bond or
note issued under this Chapter shall contain on the face thereof a state-
ment to the effect that the Board shall not be obligated to pay the same
nor the interest thereon except from the revenues and other funds
pledged therefor and that neither the faith and credit nor the taxing power
of the Territory or of any political subdivision thereof is pledged to the
payment of the principal of or the interest on such bond or note.
Expenses incurred by the Board in carrying out the provisions of
this Chapter may be made payable from funds provided pursuant to, or
made available for use under this Chapter and no liability shall be
incurred by the Board hereunder beyond the extent to which moneys
shall have been so provided.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 68109
What does Guam Code Annotated § 68109 cover?
Section 68109 ("Credit of Territory Not Pledged.") 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 § 68109?
A common citation format is "Guam Code Annotated § 68109" (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 § 68109 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.