Definitions. — Guam Code § 81103

§ 81103. Definitions.

As used in this Chapter, the following words and phrases are

defined to mean:

(a) Authority means the Guam Economic Development and

Commerce Authority, as established by Chapter 50 of this Division.

(b) Board means the Board of Directors of the Authority.

(c) Bonds means bonds, notes or other evidences of

indebtedness of the Authority payable solely from and secured

solely by the tobacco receipts, issued pursuant to this Chapter.

(d) Escrow means the escrow as that term is defined in the

Master Settlement Agreement.

(e) Escrow agent means the escrow agent as that term is

defined in the Master Settlement Agreement.

(f) Government means the government of Guam.

(g) Independent auditor means the independent auditor as that

term is defined in the Master Settlement Agreement.

(h) Master Settlement Agreement means the settlement

agreement and related documents entered into on November 23,

1998, by Guam, the four (4) principal United States tobacco product

manufacturers, and various other governmental parties, as amended

and supplemented.

(i) Participating manufacturers means the participating

manufacturers as that term is defined in the Master Settlement

Agreement.

(j) Tobacco receipts means all of the payments to be made by

the escrow agent and derived from payments made by the

participating manufacturers and allocated to the government under

the Master Settlement Agreement, other than pursuant to Article

XVII of that agreement.

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(k) Tobacco trust funds means the funds specified in § 221303

of Title 5 of the Guam Code Annotated.