5 Guam Code Ann. § 59110
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Terms Used In 5 Guam Code Ann. § 59110
- 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
The government of Guam is authorized to enter into a lease to purchase agreement with a private owner for an existing building or land presently occupied or to be occupied in the future by a public safety agency, as defined by § 59102(i) of Title 5 Guam Code Ann., provided that the Director of Public Works certifies the building meets the requirements of Guam law for structural integrity. Funds previously appropriated for the lease of such building or land may be used for said lease to purchase agreement. The terms of the lease to purchase agreement authorized by this Section shall comply with Section
59103 of Chapter 59 of Title 5, Guam Code Ann..
59103 of Chapter 59 of Title 5, Guam Code Ann..
SOURCE: Repealed and reenacted by P.L. 28-132:1 (July 11, 2006).