21 Guam Code Ann. § 68712
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Terms Used In 21 Guam Code Ann. § 68712
- 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
Every lessee under a lease executed pursuant to provisions of this Law shall annually submit to the Department of Agriculture a financial statement and report setting forth in detail the improvements on and the income derived from the leased land. The director, may, with the approval of the Governor, prescribe by rule and regulation, the form of such financial statement and the data required.