21 Guam Code Ann. § 75125
Terms Used In 21 Guam Code Ann. § 75125
- 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
75 “”shall remain intact for leases approved prior to January 1,
2021.”” Applications for leases that have not been approved by
January 1, 2021 shall be subject to the terms established by P.L. 35-
112:1, which enacted a new Chapter 75A, Title 21 Guam Code Ann..
2017 NOTE: Past print publications of the GCA included an annotation from the previous Compiler, recognizing that, since the enactment P.L. 12-226 (Feb. 4, 1975) that created the Chamorro Land Trust Commission, “”the Legislature has passed many laws dealing with the transfer, lease, exchange and sale of governmental land,”” and some “”make no reference whatsoever to the Chamorro Land Trust Act”” while others “”expressly waive its provisions.”” The Compiler’s Note listed “”all laws, which, in some manner, waive the applicability of the Land Trust Act to certain land transactions.”” This annotation is outdated and therefore, has been removed from future publications of the GCA.
NOTE: EFFECTIVE DATES: Original Chapter VI of the Government Code, Leases and Sales, enacted by P.L. 1-88, was repealed and a new Chapter VI, Chamorro Land Trust Commission (§ §13500 – 13516), enacted by P.L. 12-226. Section 5 of P.L. 12-
226 reads as follows:
“”Section 5. Effective Date. Section 1 shall take effect in two steps: Section 1 of the bill and Sections 13501 and
13503(b) of Section 2 of the bill shall take effect
January 1, 1975. The remaining sections in Section 1, and Sections 2 and 3 shall take effect on the date the Commission has its first meeting.””
The Chamorro Land Trust Commission held its first meeting in
March of 1993.