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Terms Used In 5 Guam Code Ann. § 655501

  • Contract: A legal written agreement that becomes binding when signed.
(a) It is the policy of the Territory of Guam to avoid, whenever practicable, the location of any territorial public improvements of public utilities, and the acquisition of land therefor, in agricultural preserves.

(b) It is further the policy of the Territory that, whenever it is necessary to locate such improvements, they shall, whenever practicable, be located upon land other than land under contract pursuant to this Chapter.

(c) It is further the policy of the Territory that any agency or entity proposing to locate such an improvement shall, in considering the relative costs of parcels of land and development of improvements, give consideration to the value of the public land, and particularly prime agri- cultural land within an agricultural preserve.

SOURCE: GC § 12529.