2 Guam Code Ann. § 2107
Terms Used In 2 Guam Code Ann. § 2107
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(b) No such bill authorizing the transfer of land or leasing of land may be considered by the Legislature on third reading unless accompanied by two (2) appraisals on all land concerned, appraised for highest and best use regardless of zoning, from two separate licensed real estate appraisers, one (1) of which appraisals is not more than twelve (12) months old, and which appraisals are paid for by the transferee. If the transferee is the government of Guam by virtue of exercising its eminent domain power or similar action for specific and identified public benefit, the appraisals, surveys, maps, and recordation shall be paid by the government of Guam. The private land owner shall sign a statement that the person agrees that his paying for the appraisals does not in any way obligate the Legislature nor the government of Guam to approve the transfer. One (1) of the appraisers shall be selected by the Department of Land Management and the other by the private landowner. The average of the two (2) appraisals may be used by the Legislature as the value for the transfer or trade.
(c) Any proposed lease, sub-leases, requests to exchange land or purchase any land owned in the name of the government of Guam to the federal government or any agent of the federal government shall require the approval of I Liheslatura.
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2 Guam Code Ann. LEGISLATIVE BRANCH
CH. 2 STATUTES
SOURCE: Added by P.L. 20-161:1 as § 2109 and renumbered by the Compiler to § 2107. No previous §§ 2107 and 2108 existed. Amended by P.L. 22-97 (Mar. 8, 1994). Subsection (c) added by P.L. 30-021:3 (May 1, 2009).
CROSS-REFERENCES: The Legislature has exempted certain land transactions from the application of this section. See P.L. 21-14:9(c), P.L. 20-188:5 and P.L. 20-
180:4.