4 Guam Code Ann. § 12107
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Terms Used In 4 Guam Code Ann. § 12107
- 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.
The Director of Administration and the Department of Public Health and Social Services shall issue joint rules and regulations, pursuant to the provisions of the Administrative Adjudication Act, governing the procedures whereby the elderly, the indigent and those requiring emergency housing receive housing under this Chapter at less than fair market value, such rules to include eligibility requirements, rent to be charged and the other terms of such tenancies.
SOURCE: § 4307 GC, as added by P.L. 14-134:3.
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