Guam § 8207 - Board to Declare Purpose and Maximum Amount of Bonds to be Issued.
Full text of Guam Guam Code Annotated § 8207 — Board to Declare Purpose and Maximum Amount of Bonds to be Issued., with citation guidance and answers to common questions.
§ 8207. Board to Declare Purpose and Maximum Amount of Bonds to be Issued.
(a) Before issuing any bond or bonds, the Board shall by indenture, approved by I
Maga’håga/Maga’låhi, 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. Bonds
shall not be issued or sold for such purpose in an amount exceeding such specified maximum except either:
(1) pursuant to a provision in an indenture pursuant to § 8210(l); or
(2) with the consent of bondholders, pursuant to amendment or modification of an indenture, as
provided in § 8210(p).
(b) Nothing contained in this Section shall be construed to prevent the Board, with the approval of I
Maga’håga/Maga’låhi, from amending any such indenture prior to the issuance of bonds authorized
thereby to increase or decrease the maximum amount of bonds to be issued or sold. The issuance of bonds
for one or more purposes may be included in a single indenture.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 8207
What does Guam Code Annotated § 8207 cover?
Section 8207 ("Board to Declare Purpose and Maximum Amount of Bonds to be Issued.") 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 § 8207?
A common citation format is "Guam Code Annotated § 8207" (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 § 8207 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.