Terms Used In 12 Guam Code Ann. § 10239

  • Contract: A legal written agreement that becomes binding when signed.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Notwithstanding any substantive or procedural provision of Chapter
6 of Title 5, Guam Code Annotated, the Authority shall not be entitled to immunity from any suit or action in contract on the indebtedness authorized by this Article. For the purposes of this Act only, immunity is waived as to the award of attorney’s fees in connection with any suit brought to enforce any right or obligation given under this Act or in connection with the enforcement of the terms of any agreement or indenture that arises directly from the issuance of bonds. I Liheslatura (the Legislature) does not waive immunity for costs, pre-judgment interest and post-judgment interest.

43

COL1312018
12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 10 PORT AUTHORITY OF GUAM

SOURCE: Added pursuant to the reenactment of this Article by P.L. 34-070:2 (Dec. 7, 2017).

2017 NOTE: This provision was originally added as 12 Guam Code Ann. § 10238, by P.L. 32-
042:2 (June 28, 2013), entitled Sovereign Immunity Waived. Amended by P.L. 32-
107:1 (Feb. 4, 2014).