GroundRules
5 GCA § 22801: Tax and Revenue Anticipation Bonds or Bank Loans; Authorization of Issuance of Bonds or Making of Loans to Pay Refunds.
Where this section sits in the code
- Title 5: Government Operations
- Division 2 - Administration of the Government
- Chapter 22: General Fiscal Policies and Controls
- ARTICLE 8: TAX REFUND BONDS
In order to fund the payment of income tax refunds due to local taxpayers, the Governor of Guam is authorized to either (i) enter into one (1) or more loan agreements with local banks, as provided in § 22825, or (ii) issue one (1) or more series of general obligation bonds of the government of Guam (the “Bonds”), in anticipation of the receipt of taxes and other revenue.
Collected 2026-09-27T02:19:48Z. Source file · JSON