Terms Used In 12 Guam Code Ann. § 66134

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
cept where specific appropriation is required by this Chapter, all money in the funds and accounts created by this Chapter or any indenture is hereby appropriated for expenditure in carrying out the purposes herein and therein provided.
SOURCE: GC §53607.33, as added by P.L. 11-18.

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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 66 MORTGAGE REVENUE BONDS