Camacho took office during austere times. Guam lacked sufficient revenues to pay its obligations. The mandates of local and federal law far exceed the governments fiscal capacity to honor those obligations. To supplement revenues, Camacho sought to issue bonds worth approximately $400 million. However, the attorney general refused to sign the bond contracts because he concluded that issuance of the bonds would violate the debt limitation. In response, the Governor requested a declaration from the Guam Supreme Court that the issuance of the bonds would not cause Guam to exceed the debt limitation. The Guam Supreme Court agreed with the Governor and the attorney general appealed his decision. Four years later the US Supreme Court heard the matter and in the end the Governor was able to issue bonds.