5 Guam Code Ann. § 59107
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Terms Used In 5 Guam Code Ann. § 59107
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
minimize the financing cost to the government, all financing utilized by the Contractor to fund the design, construction, development and maintenance of a Public Safety Facility shall be through tax-exempt bonds or other financial instruments, if a mechanism to do so is available. The purpose for this requirement is to assure the government pays the lowest possible interest rate so that the cost of financing the design, construction, development and maintenance of a Public Safety Facility to the government amortized through the Lease-Back payments from the government to the Contractor, will be lower than regular commercial rates.