Guam § 22704 - Acquisition of Office Space & Other Facilities.

§ 22704. Acquisition of Office Space & Other Facilities.

COL4/6/2022

(a) The Governor is authorized to acquire on behalf of the

government of Guam, by lease or lease-purchase agreement,

office space and other facilities for the purpose of providing office

and other space for the departments and agencies of the Judicial

and Executive Branches of the government of Guam. Such leases

and lease-purchase agreements may be negotiated and entered into

by the Governor with any person, partnership, corporation, or

public or private entity, provided that no such lease or lease-

purchase agreement shall exceed 50 years.

(b) The Governor is further authorized to sublease space and

facilities acquired pursuant to (a) hereof, and to lease other

available space and facilities, to authorized federal agencies.

(c) All lease or lease-purchase agreements that are proposed

to be entered into pursuant to (a) hereof, where the total sum of

money to be paid to the same lessor shall exceed $10,000 or the

total number of years involved shall exceed five years, may be

entered into only after advertising for sealed bids in a newspaper

of general circulation within Guam, 14 days prior to the formal

bid opening, and then only to the lowest responsible bidder.