Changes

:The Legislature of Guam authorized Guam's Governor to issue bonds to fund the Territory's continuing obligations. Concluding that the bonds would violate the debt-limitation provision of the Organic Act of Guam, § 11, 64 Stat. 387, as amended, 48 U.S.C. § 1423a, the attorney general 1 of Guam refused to sign contracts necessary to issue the bonds. In response, the Governor sought a declaration from the Guam Supreme Court that issuance of the bonds would not violate the Organic Act's debt limitation. The Guam Supreme Court held that § 1423a limits Guam's allowed indebtedness to 10 percent of the appraised valuation, not the assessed valuation, of taxable property in Guam.  

:The Legislature of Guam authorized Guam's Governor to issue bonds to fund the Territory's continuing obligations. Concluding that the bonds would violate the debt-limitation provision of the Organic Act of Guam, § 11, 64 Stat. 387, as amended, 48 U.S.C. § 1423a, the attorney general 1 of Guam refused to sign contracts necessary to issue the bonds. In response, the Governor sought a declaration from the Guam Supreme Court that issuance of the bonds would not violate the Organic Act's debt limitation. The Guam Supreme Court held that § 1423a limits Guam's allowed indebtedness to 10 percent of the appraised valuation, not the assessed valuation, of taxable property in Guam.  

The Court held that [[Guam]]'s debt limitation must be calculated according to the assessed or the appraised valuation of property in [[Guam]].

The Court held that [[Guam]]'s debt limitation must be calculated according to the assessed or the appraised valuation of property in [[Guam]]. The Court referred approvingly at one point to "[t]he jurisdiction-stripping statute."

Justice [[Clarence Thomas]] wrote the opinion for the Court, which Justice [[Antonin Scalia]], Chief Justice [[John Roberts]], Justice [[Anthony Kennedy]]

Justice [[Clarence Thomas]] wrote the opinion for the Court, which Justice [[Antonin Scalia]], Chief Justice [[John Roberts]], Justice [[Anthony Kennedy]]

and Justice [[Stephen Breyer]] joined.  Justice [[David Souter]] concurred in part and dissented in part, which was joined by Justices [[John Paul Stevens]], [[Ruth Bader Ginsburg]] and [[Sam Alito]].

and Justice [[Stephen Breyer]] joined.  Justice [[David Souter]] concurred in part and dissented in part, which was joined by Justices [[John Paul Stevens]], [[Ruth Bader Ginsburg]] and [[Sam Alito]].

[[Category:United States Supreme Court Cases]]

[[Category:United States Supreme Court Cases]]