5 Guam Code Ann. § 22412
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Terms Used In 5 Guam Code Ann. § 22412
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.
No contract or subcontract may be awarded to any contractor providing services on the capital improvement projects funded from the implementation of § 22409 and § 22410 of this Article unless 75% of the persons employed by the contractor to work on such projects are residents of the Guam. Any contract awarded in violation of this Section shall be null and void ab initio. No money may be drawn on for capital improvement projects funded from the implementation of § 22409 and § 22410 of this Article until the trustee, depositary or custodian of the funds certifies that the contract awarded is in conformity with the requirements of this Section.
SOURCE: GC § 6126 added by P.L. 17-79:4; amended by P.L. 18-02:3.
2018 NOTE: References to “”Territory”” removed and/or altered to
“”Guam”” pursuant to 1 Guam Code Ann. § 420.