4 Guam Code Ann. § 12101
Terms Used In 4 Guam Code Ann. § 12101
- 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) Whenever the Government shall have under lease housing units which are excess to its needs it may, by order of the Governor, relinquish management of such units to the Guam Housing and Urban Renewal Authority. Any housing unit relinquished to the management of Guam Housing and Urban Renewal Authority shall be utilized by the Authority in
the furtherance of its powers and duties as provided for in ‘13903 of the
Government Code. Any rent derived from the use of a unit relinquished to the Guam Housing and Urban Renewal Authority shall be used first to reimburse the Authority for any sum expended upon the unit for mainten- ance or administration; any remaining rent shall be paid into the Housing Revolving Fund established by § 4302. The acceptance by Guam Housing and Urban Renewal Authority of a unit for management and use within its low income housing program shall not impose upon the Authority any responsibility for the payment of any rent due from the government of Guam to the lessor of the unit.
(c) Whenever a housing unit owned by the Government becomes excess to the needs of the Government it may be conveyed by the Governor, in consideration of the payment of One Dollar ($1.00) per unit, to the Guam Housing and Urban Renewal Authority. Any housing unit conveyed to the Guam Housing and Urban Renewal Authority shall be utilized by the Authority in the furtherance of its powers and duties as provided for by
COL 110609
4 Guam Code Ann. PUBLIC OFFICERS & EMPLOYEES
CH. 12 GOVERNMENT HOUSING
‘13903 of the Government Code. For purposes of this Subsection housing
unit means a single family detached dwelling and the lot upon which it is situated.
SOURCE: § 4300 GC, as Repealed and reenacted by P.L. 13-184:2
NOTE: § 4300.1 GC [Acquisition Bids] repealed by P.L. 13-184:2.
§ 4301 GC [Administration] was amended by P.L. 12-105 and repealed by P.L.
13-184:2.