Company: OIA
Filing Date: 2025-03-13
Form Type: 424B5
Source: 0001104659-25-023508
Chunk: 183

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-03-13
Form: 424B5
Chunk 183
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 Budget”). The Proposed Budget totaled $1.13 billion and projected $961.7 million in General Fund Revenues, $214.5 million in Special Fund Revenues and $552.9 million in federal matching grants-in-aid revenue. The Governor of Guam signed the budget bill into law on September 11, 2024. The enacted budget totaled $1.31 billion and projects $906.5 million in General Fund Revenues, $212.3 million in Special Fund Revenues and $190.1 million in federal matching grants-in-aid revenue. Debt.Guam is prohibited from authorizing or allowing the issuance of public debt in excess of 10% of the assessed tax valuation of the property in Guam, which amounts to $1.352 billion as of October 2022. Public debt does not include bonds or other obligations payable solely from revenues derived from any public improvement or undertaking. Total debt outstanding as of September 30, 2022, subject to the debt ceiling limitation is $940.8 million. The legal debt margin as of September 30, 2022 was $411.1 million. Litigation.Guam, its officials and employees are named as defendants in legal proceedings that occur in the normal course of governmental operations. Some of these proceedings involve claims for substantial amounts, which if decided against Guam might require Guam to make significant future expenditures or substantially impair future revenue sources. Because of the prospective nature of these proceedings, it is not presently possible to predict the ultimate outcome of such proceedings, estimate the potential impact on the ability of Guam to pay debt service costs on its obligations, or determine what impact, if any, such proceedings may have on a fund’s investments. Natural Disasters.Like other Pacific islands, Guam is periodically subject to typhoons and tropical storms. From 1962 to date, ten typhoons caused damage great enough to result in federal disaster relief. Super Typhoon Karen in 1962, Typhoon Pamela in 1976, Typhoon Russ in 1990, Super Typhoon Omar in 1992, Super Typhoon Paka in 1997, Typhoon Chata’an and Super Typhoon Pongsona in 2002, Typhoon Dolphin in 2015, Typhoon Wutip in 2019 and Super Typhoon Mawar in 2023. Super Typhoon Mawar made landfall on Guam on May 24, 2023, with the territory sustaining substantial damage from high winds, storm surge