HAGÅTÑA, Guam — The Supreme Court of Guam issued an opinion on Nov. 29 that the standing rules of the 34th Guam Legislature are contrary to the Organic Act but declined to address whether Bill 1(1-S) had effectively passed.
Gov. Edward B. Calvo recommended Bill 1(1-S) to the legislature on April 11, which authorizes the government of Guam to issue up to $75 million of tax and revenue anticipation notes — a debt for an immediate project that will be repaid with future tax collections — to expedite the payment of tax refunds in fiscal 2017, 2018 . . .
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