48-U.S.C.-1425B

§1425B – Issuance of Notes, Bonds, and Obligations

Pathway

Title 48 > Chapter 8A > Subchapter V > Section 1425b

Details

• Reference: Section 1425b
• Legend: §1425B – Issuance of Notes, Bonds, and Obligations
• USCode Year: 2013

Provision Content

The Legislature of Guam may by law authorize such authority, any provision of the Organic Act of Guam [48 U.S.C. 1421 et seq.], or any other Act of Congress to the contrary notwithstanding, to borrow money and to issue notes, bonds, and other obligations of such character and maturity, with such security, and in such manner as the legislature may provide. Such notes, bonds, and other obligations shall not be a debt of the United States, or of Guam other than such authority, nor constitute a debt, indebtedness, or the borrowing of money within the meaning of any limitation or restriction on the issuance of notes, bonds, or other obligations contained in any laws of the United States applicable to Guam or to any agency thereof.

(Pub. L. 88–171, §2, Nov. 4, 1963, 77 Stat. 304.)

References in Text

The Organic Act of Guam, referred to in text, is act Aug. 1, 1950, ch. 512, 64 Stat. 384, as amended, which is classified generally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables.

Codification

Section was not enacted as part of the Organic Act of Guam which comprises this chapter.

U.S. Encyclopedia of Law Coverage

48-U.S.C.-1423D in the Legal Encyclopedia: Territories

In this entry about 48-U.S.C.-1423D, find legal reference material, bibliographies and premiere content related to territories in the American Encyclopedia of Law, presenting a comprehensive view of the United States territories-specific issues, written by authorities in the field.

48-U.S.C.-I>. OMITTED in the Legal Encyclopedia: Guam

In this entry about 48-U.S.C.-I>. OMITTED, find legal reference material, bibliographies and premiere content related to guam in the American Encyclopedia of Law, presenting a comprehensive view of the United States guam-specific issues, written by authorities in the field.

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