Terms Used In 12 Guam Code Ann. § 81102

  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Liheslaturan Guåhan [The Guam Legislature] hereby incorporates by reference and reiterates the findings made in Public Law Number 25-
187 concerning the sale and securitization of the tobacco settlement
payments allocable to Guam under the Master Settlement Agreement between the major United States tobacco manufacturers and forty-six (46) states, Guam, the District of Columbia, the Commonwealth of

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12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 81 GEDCA TOBACCO SETTLEMENT REVENUE BOND ACT

Puerto Rico, the U.S. Virgin Islands, American Samoa and the
Commonwealth of the Northern Mariana Islands.
It is the intent of I Liheslaturan Guåhan [the Legislature] to approve the terms of the sale and securitization as required by 12 Guam Code Ann. § 24102.