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Terms Used In 21 Guam Code Ann. § 70103

  • Contract: A legal written agreement that becomes binding when signed.
In addition to any other duties and powers granted by this
Chapter, the Contractors License Board shall:
(a) Grant licenses to contractors pursuant to this Chapter; (b) Make, amend or repeal such rules and regulations as it
may deem proper to fully effectuate this Chapter and carry out the purpose thereof, which purpose is the protection of the general
public. All such rules and regulations shall be adopted pursuant
to the Administrative Adjudication Law. The rules and regulations may forbid acts or practices deemed by the Board to
be detrimental to the accomplishment of the purpose of this
Chapter. The rules and regulations may require contractors to make reports to the Board containing such items of information as will better enable the Board to enforce this Chapter and rules and regulations, or as will better enable the Board from time to time to amend the rules and regulations more to fully effectuate the purposes of this Chapter. The rules and regulations may require contractors to furnish reports to owners containing such matters of information as the Board deems necessary to promote the purpose of this Chapter. The enumeration of specific matters which may properly be made the subject of rules and regulations shall not be construed to limit the Board’s general power to make all rules and regulations necessary to fully effectuate the purposeof this Chapter;

(c) Enforce this Chapter and rules and regulations adopted pursuant thereto;

(d) Suspend or revoke any license for any cause prescribed by § 70116 or for any cause for suspension or revocation prescribed by the rules and regulations, and refuse to grant any license for any cause which would be grounds for revocation or suspension of a license;

(e) Publish and distribute pamphlets and circulars containing such information as it deems proper to further the accomplishment of the purpose of this Chapter; and

(f) Contract professional testing services as deemed necessary to prepare, administer, and grade applicant examinations as may be required for the purpose of this Chapter.