The law › Title 48, Territories and Insular Possessions › Chapter 8A

48 U.S.C. 1423a: Power of legislature; limitation on indebtedness of Guam; bond issues; guarantees for purchase by Federal Financing Bank of Guam Power Authority bonds or other obligations; interest rates; default

Created in 1976 by Public Law 94-395. Changed by 3 later laws. No bill we track in this Congress changes it.

How it got hereLaws that created or changed it, newest first

1998Pub. L. 105-291

1984Pub. L. 98-454

1980Pub. L. 96-205

1976Pub. L. 94-395created it

48 U.S.C. 1423aPower of legislature; limitation on indebtedness of Guam; bond issues; guarantees for purchase by Federal Financing Bank of Guam Power Authority bonds or other obligations; interest rates; default

(a)substantially equal semiannual installments of principal and interest;

(b)maturity of obligations no later than December 31, 2004;

(c)authority for the Secretary, should there be a violation of a provision of this…

(d)an annual simple interest rate of seven per centum; and

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

No bill we track in the 119th Congress changes this section.

How it got here

1998

Pub. L. 105–291 substituted "rightful subjects of legislation" for "subjects of legislation of local application" in first sentence. Law text

1984

Pub. L. 98–454 inserted provisions relating to authority of Secretary to guarantee for purchase by the Federal Financing Bank, obligations of the Guam Power Authority to be used for a second refinancing of the principal amount due to mature on December 31, 1990.

1980

Pub. L. 96–205 substituted provisions relating to guarantees by the Secretary of the purchase by the Federal Financing Bank of the refinancing obligations of the Guam Power Authority where such refinancing obligations remain outstanding by Dec. 31, 1980, for provisions relating to payment of intere…

1976

Pub. L. 94–395 inserted provisions relating to authority of Secretary of the Interior to guarantee for purchase by the Federal Financing Bank bonds or other obligations of the Guam Power Authority maturing on or before Dec. 31, 1978.

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.