5 Guam Code Ann. § 5402
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Terms Used In 5 Guam Code Ann. § 5402
- 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
e Policy Office shall promulgate regulations governing: (a) the management of supplies during their entire life
cycle;
cycle;
(b) the sale, lease, or disposal of surplus supplies by public auction, competitive sealed bidding, or other appropriate method designated by regulation, provided, that no employee of the owning or disposing agency shall be entitled to purchase any such supplies; and
(c) transfer of excess supplies.
SOURCE: GC § 6972. MPC § 8-201.
§ 5403. Allocation of Proceeds from Sale or Disposal of
Surplus Supplies.
Unless otherwise provided by law, the Chief Procurement Officer shall be empowered, pursuant to regulations promulgated by the Policy Office, to allocate proceeds from the sale, lease or disposal of surplus supplies.
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COL 7/27/2023
5 Guam Code Ann. GOVERNMENT OPERATIONS
CH. 5 GUAM PROCUREMENT LAW
SOURCE: GC § 6973. MPC § 8-301.