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Terms Used In 5 Guam Code Ann. § 58105

  • 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
(a) Subject to the approval of I Liheslaturan Guåhan, the government of Guam or an Education Agency may solicit Requests for Proposals (‘RFP’) through the Department of Public Works, in compliance with the Guam Procurement Law, for the financing, design and construction of the Education Facility, together with maintenance of

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5 Guam Code Ann. GOVERNMENT OPERATIONS CH. 58 THE EDUCATION FACILITIES CONSTRUCTION INITIATIVE ACT OF 2001

the Education Facility over the term of the Lease-Back, according to the needs of the Education Agency and consistent with this Chapter.

(b) Notwithstanding the foregoing, in connection with any amendments to an existing Lease or Lease-Back, the Contractor with respect to such amendments shall be the Contractor with respect to the existing Lease or Lease-Back.

SOURCE: Added by P.L. 26-061:2 (Dec. 22, 2001), amended by P.L. 28-047:4 (June 10, 2005), and P.L. 29-069:4 (Apr. 29, 2008).

2016 NOTE: Subsection designations were added to adhere to the Compiler’s alpha-numeric scheme in accordance with the authority granted by 1 Guam Code Ann. § 1606.

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