Bonds issued pursuant to the provisions of this Article and the interest or income therefrom are exempt from taxation to the extent permitted by the provisions of Section 11 of the Organic Act of Guam.

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14073. Codified as 12
GCA § 10224. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).

2017 NOTE: This provision was originally enacted as Same: Temporary, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 Guam Code Ann. § 10222, Temporary Bonds.

§ 10225. Bonds as Legal Investments and as Security for
Performance of Any Act.

Notwithstanding any other provision of law, all bonds issued pursuant to the provisions of this Article are legal investments for all trust funds and for the funds of all banks, both commercial and savings and may be deposited as security for the performance of any act whenever any evidence of indebtedness of Guam may be so deposited

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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 10 PORT AUTHORITY OF GUAM

and may also be used as security for the deposit of public moneys in banks in Guam.

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14074. Codified as 12
GCA § 10225. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).

2017 NOTE: This provision was originally enacted as Same: Replacement of, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 GCA § 10223, Replacement of Bonds or Coupons.