Guam § 81103 - Definitions.
Full text of Guam Guam Code Annotated § 81103 — Definitions., with citation guidance and answers to common questions.
§ 81103. Definitions.
As used in this Chapter, the following words and phrases are
defined to mean:
(a) Authority means the Guam Economic Development and
Commerce Authority, as established by Chapter 50 of this Division.
(b) Board means the Board of Directors of the Authority.
(c) Bonds means bonds, notes or other evidences of
indebtedness of the Authority payable solely from and secured
solely by the tobacco receipts, issued pursuant to this Chapter.
(d) Escrow means the escrow as that term is defined in the
Master Settlement Agreement.
(e) Escrow agent means the escrow agent as that term is
defined in the Master Settlement Agreement.
(f) Government means the government of Guam.
(g) Independent auditor means the independent auditor as that
term is defined in the Master Settlement Agreement.
(h) Master Settlement Agreement means the settlement
agreement and related documents entered into on November 23,
1998, by Guam, the four (4) principal United States tobacco product
manufacturers, and various other governmental parties, as amended
and supplemented.
(i) Participating manufacturers means the participating
manufacturers as that term is defined in the Master Settlement
Agreement.
(j) Tobacco receipts means all of the payments to be made by
the escrow agent and derived from payments made by the
participating manufacturers and allocated to the government under
the Master Settlement Agreement, other than pursuant to Article
XVII of that agreement.
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(k) Tobacco trust funds means the funds specified in § 221303
of Title 5 of the Guam Code Annotated.
Frequently Asked Questions About Guam § 81103
What does Guam Code Annotated § 81103 cover?
Section 81103 ("Definitions.") 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 § 81103?
A common citation format is "Guam Code Annotated § 81103" (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 § 81103 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.