
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1425b]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                            CHAPTER 8A--GUAM
 
             SUBCHAPTER V--PUBLIC HOUSING AND URBAN RENEWAL
 
Sec. 1425b. Issuance of notes, bonds, and obligations

    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. 88-171, Sec. 2, Nov. 4, 1963, 77 Stat. 304.)

                       References in Text

    The Organic Act of Guam, referred to in text, is act Aug. 1, 1950, 
ch. 512, 64 Stat. 384, as amended, 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.

                  Section Referred to in Other Sections

    This section is referred to in section 1425d of this title.
