(a) Any bill introduced, considered or passed by I Liheslaturan Guåhan, or any of its Members related to the amendment or adjustment to the percentage of appraised value of land and improvements pursuant to § 24102(f), Article 4, Chapter 24, Division 2, Title 11 Guam Code Ann. or any section of the Guam Code Annotated relative to the percentage of appraised value of land and improvements that have an effect on the debt ceiling and/or debt limit of the government of Guam shall not contain any approval and/or authorization for the issuance of bonds or the issuance of debt for any purpose.

(b) No amendment or adjustment to the percentage of appraised value of land and improvements pursuant to § 24102(f), Article 4, Chapter 24, Division 2, Title 11 Guam Code Ann. or any section of the Guam Code Annotated relative to the percentage of appraised value of land and improvements that have an effect on the debt ceiling and/or debt limit of the government of Guam may be considered as a “”rider”” or amendment to another bill or any bill which approves and/or authorizes the issuance of bonds or the issuance of debt for any purpose, and neither may any amendment or “”rider”” be considered by I Liheslaturan Guåhan that approves and/or authorizes the issuance of bonds or the issuance of debt for any purpose on any bill which amends or adjusts the percentage of appraised value of land and improvements pursuant to § 24102(f), Article 4, Chapter 24, Division 2, Title 11 Guam Code Ann. or any section of the Guam Code Annotated relative to the percentage of appraised value of land and improvements that have an effect on the debt ceiling and/or debt limit of the government of Guam.

SOURCE: Added by P.L. 33-185:XIV:4 (Sept. 10, 2016).

2016 NOTE: Subsection designations added to adhere to the Compiler’s general codification and alpha-numeric schemes pursuant to authority granted by 1 Guam Code Ann. § 1606.