Guam § 5406 - Selection of Buyers.
Full text of Guam Guam Code Annotated § 5406 — Selection of Buyers., with citation guidance and answers to common questions.
§ 5406. Selection of Buyers.
The Authority shall, by resolution, establish an application period or
periods of reasonable length. During the application period, the
Authority shall accept applications to purchase lots within the
subdivision. After the close of the application period, the Authority shall
review all applications and for applicant families or single persons who
are found eligible assign preferences to each application. Within each
preference, a priority number shall be assigned. Said priority number
shall be established by lot. The Authority shall dispose of the lots by
selling them first to first preference families or single persons in the
order of their respective priority numbers. When all families or single
persons submitting first preference applications have been offered lots,
the remaining lots shall then be offered in the same manner to second
preference applicant families or single persons with any remaining lots
then offered in the same manner to third preference applicant families or
single persons and if any lots then remain, such lots are to be offered to
fourth families in the same manner. The priority number system shall be
used to determine which purchaser shall be entitled to which lot and shall
also govern in the case that there are more purchasers in a preference
category than lots available.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 5406
What does Guam Code Annotated § 5406 cover?
Section 5406 ("Selection of Buyers.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 5406?
A common citation format is "Guam Code Annotated § 5406" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 5406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.