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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 48 U.S.C. § 1425b Issuance of notes, bonds, and obligations us united_states_code code_section 48 TERRITORIES AND INSULAR POSSESSIONS 8A GUAM 1425b 48 U.S.C. § 1425b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc48@119-100.zip /us/usc/t48/s1425b data/legal/raw/us/code/title-48/usc48.xml 6e83c951805bb0625894a0b3d1b88d16c2e5f1f5ccf6d99e1955dd82d7a81f09 2f9a72ec272e6666d7f55f52cc3186aefc6368ca4cc2b9053a531de2fb9288c2 3c0949877f7640028a61bad4eda6998481c922f2bd45d07d6a57a849f3a11fb8 2026-07-04 official
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48 U.S.C. § 1425b - Issuance of notes, bonds, and obligations

Text

The Legislature of Guam may by law authorize such authority, any provision of the Organic Act of Guam [48 U.S.C. 1421 et seq.], or any other Act of Congress to the contrary notwithstanding, to borrow money and to issue notes, bonds, and other obligations of such character and maturity, with such security, and in such manner as the legislature may provide. Such notes, bonds, and other obligations shall not be a debt of the United States, or of Guam other than such authority, nor constitute a debt, indebtedness, or the borrowing of money within the meaning of any limitation or restriction on the issuance of notes, bonds, or other obligations contained in any laws of the United States applicable to Guam or to any agency thereof.

(Pub. L. 88171, § 2, Nov. 4, 1963, 77 Stat. 304.)

Notes

Editorial Notes

References in TextThe Organic Act of Guam, referred to in text, is act Aug. 1, 1950, ch. 512, 64 Stat. 384, which is classified generally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 1421 of this title and Tables.

Codification Section was not enacted as part of the Organic Act of Guam which comprises this chapter.