2016 US Code
Title 48 - Territories and Insular Possessions
Chapter 8A - Guam
Subchapter V - Public Housing and Urban Renewal
Sec. 1425b - Issuance of notes, bonds, and obligations

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Citation 48 U.S.C. § 1425b (2016)
Section Name §1425b. Issuance of notes, bonds, and obligations
Section Text

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.

Source Credit

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

Editorial Notes 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.

Publication Title United States Code, 2012 Edition, Supplement 4, Title 48 - TERRITORIES AND INSULAR POSSESSIONS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 48 - TERRITORIES AND INSULAR POSSESSIONS
CHAPTER 8A - GUAM
SUBCHAPTER V - PUBLIC HOUSING AND URBAN RENEWAL
Sec. 1425b - Issuance of notes, bonds, and obligations
Contains section 1425b
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large References 64 Stat. 384
77 Stat. 304
Public Law References Public Law 88-171
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