Guam § 68114 - Trust Funds.
Full text of Guam Guam Code Annotated § 68114 — Trust Funds., with citation guidance and answers to common questions.
§ 68114. Trust Funds.
Notwithstanding any other provisions of law to the contrary, all
moneys received pursuant to the authority of this Chapter, including,
without limitation, fees, rents, charges, insurance proceeds, condemna-
tion awards and any other revenues and funds received in connection
with any hospital facilities, shall be deemed to be trust funds to be held
and applied solely as provided in this Chapter. The indenture authorizing
and securing the issuance of any bonds or notes may provide that any of
such moneys may be temporarily invested pending the disbursement
thereof in such securities and subject to such limitations as are specified
in the indenture, and shall provide that the Federal Reserve member bank
with which such moneys shall be deposited shall act as trustee of such
moneys and shall hold and apply the same for the purposes of this
Chapter, subject to such regulations as this Chapter and the indenture
may provide.
Frequently Asked Questions About Guam § 68114
What does Guam Code Annotated § 68114 cover?
Section 68114 ("Trust Funds.") 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 § 68114?
A common citation format is "Guam Code Annotated § 68114" (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 § 68114 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.