Terms Used In 5 Guam Code Ann. § 22806

  • 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.
Nothing in this § 22811 shall be construed to prevent the government of Guam from issuing, pursuant to appropriate enabling legislation, other obligations of the government secured with the Bonds by the general obligation of the government on a parity with the Bonds authorized by this § 22811.