{"data":{"id":"us-gu/10-gca-72108","jurisdiction":"us-gu","citation":"10 GCA § 72108","heading":"Authorization to Borrow.","body":"(a) I Maga’lahen Guåhan is authorized by this Section to enter into a debt agreement on behalf of the Government of Guam for the sole purpose of financing the purchasing and shipping of equipment for the Guam Fire Department and to secure such loan by proceeds from the FLAME Fund (10 GCA § 72106). I Maga’lahen shall enter into such an agreement subject to the concurrence of the Legislature by statute, and the members shall not incur any personal liability for any loan agreement lawfully entered into. The debt agreement shall become effective as of the date the Legislature concurs by statute. 12 GCA § 2103(k) shall apply to the loan obtained pursuant to this Chapter. The term of the debt agreement shall not exceed ten (10) years. For purposes of this Section, the form of the debt instrument for the “debt agreement” may be a loan, bond or other form of debenture. The choice of the debt instrument shall be the instrument with the lowest cost of funds in terms of net present value of the origination costs and future payments.\n(b) Equipment to be purchased:\nItem\nQuantity\nEstimate\n(ea)\nCost Cost Total\nHighrise Apparatus\n–\nLadder Truck\nExtension\n1 1,300,000 $1,300,000\nHighrise Apparatus\n–\nElevated Platform\n1 1,300,000 1,300,000\nFire Trucks (fully\nequipped) 4 500,000 2,000,000\nTankers (5,000\nGallons) 2 300,000 600,000\nAmbulances (fully\nequipped) 4 275,000 1,100,000\nRescue Boats (fully\nequipped) 2 390,000 780,000\nHeavy Duty trucks\n(tow\nboats)\n2 50,000 100,000\nDistrict Commander\nVehicles 2 40,000 80,000\nJet Skis (fully\nequipped) 3 20,000 60,000\nSpecial Rescue\nVehicles (ALS) 3 50,000 150,000\nDefibrillators (one\nfor\neach fire truck)\n10 30,000 300,000\nEmergency\nEquipment\n(Jaws of Life, etc.)\n80,000\nTotal $7,850,000","path":["Title 10: Health and Safety","Division 3 - Public Safety","Chapter 72: Guam Fire Department"],"source_url":"https://col.guamcourts.gov/sites/default/files/10gc072.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:05:58Z","sha256":"40f853cc5b85a7cb49b6b80e8d7fe1507d5c578116a57e4531ff3decc5ff1e32","source_id":"us-gu","stale":false,"prev":"us-gu/10-gca-72107","next":"us-gu/10-gca-72109"},"notice":"GroundRules: Original legal text. Not legal advice."}