§ 66101 Short Title
§ 66102 Definitions
§ 66103 Powers of the Board; Incurring Indebtedness and Issuing Bonds; Special Obligations and Not Indebtedness; Pledge, Lien, Priority and Trust Fund
§ 66104 Amounts and Rates of Charges; Refunds
§ 66105 Maximum Amount, Purpose of and Term of Bonds
§ 66106 Form of and Recitals in Bonds
§ 66107 Indenture Providing Terms and Conditions of Bonds
§ 66108 Issues, Series and Divisions of Bonds
§ 66109 Interest on Bonds
§ 66110 Issuance and Interchange of Coupon and Registered Bonds
§ 66111 Redemption of Bonds Prior to Maturity
§ 66112 Places and Manner of Payment
§ 66114 Bonds Negotiable Except When Registered
§ 66115 Trustee for Board and Holders of Bonds
§ 66116 Duties and Powers of Trustee
§ 66117 Guam Economic Development Authority Mortgage Fund
§ 66118 Use of Balances of Funds and of Surplus Money in Funds
§ 66119 Preparation of Bonds and Documents
§ 66120 Execution and Authentication of Bonds
§ 66121 Sale of Bonds; Maximum Discount
§ 66122 Payment of Bonds From Sources Other Than Revenues
§ 66123 Payments Which May be Made Out of Proceeds of Sale of\r\nBonds
§ 66124 Temporary Bonds
§ 66125 Replacement of Bonds or Coupons
§ 66126 Tax Exemptions
§ 66128 Refunding Bonds
§ 66130 Title in Authority Subject to Trust in Favor of Bondholders
§ 66131 Use of Other Funds for Mortgage Acquisition
§ 66132 Insurance
§ 66133 Right of Bondholders to Bring Action
§ 66134 Appropriation of Money in Funds
§ 66135 Validity of Bonds, Recital or Issuance Pursuant to Chapter
§ 66136 Publication of Notice of Adoption of Resolution; Statute of\r\nLimitations on Actions Involving Bonds

Terms Used In Guam Code > Title 12 > Chapter 66 - Mortgage Revenue Bonds

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.