21 Guam Code Ann. § 68202
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Terms Used In 21 Guam Code Ann. § 68202
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
Notwithstanding any other provision of law (including the provisions of the Chamorro Land Trust Act), with respect to the sale of government land, the Governor may convey the remaining unsold lots in the Talofofo Subdivision to qualified purchasers at less than fair market value of the lot
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21 Guam Code Ann. REAL PROPERTY
CH. 68 USE & DEVELOPMENT OF GOVERNMENT REAL PROPERTY
and at less than that expended by the Government in developing and improving the lots. The selling price of a lot shall be Two Thousand Five Hundred Dollars ($2,500).
SOURCE: GC § 13551 enacted by P.L. 16-118:1.