Reducing Power Rates through the Refinancing of GPA’s Bond Obligations.

Short Title: AN ACT TO APPROVE THE TERMS AND CONDITIONS OF GUAM POWER AUTHORITY REVENUE BONDS TO REFUND AND RESTRUCTURE CERTAIN GUAM POWER AUTHORITY REVENUE BONDS; AND TO APPROVE THE TERMS AND CONDITIONS OF GUAM POWER AUTHORITY SUBORDINATE REVENUE BONDS TO TERMINATE AND RETIRE THE OBLIGATIONS OF THE AUTHORITY UNDER CERTAIN FORWARD PURCHASE AGREEMENTS RELATING TO THE INVESTMENT OF THE AUTHORITY’S BOND RESERVE FUND

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