Guam § 60910 - Authorization to Lease.
Full text of Guam Guam Code Annotated § 60910 — Authorization to Lease., with citation guidance and answers to common questions.
§ 60910. Authorization to Lease.
(a) The Chamorro Land Trust Commission (Commission) is
hereby authorized to enter into a lease with the Department of
Land Management for Lot 1NEW-R6 within Block No. 24,
municipality of Hagåtña, Guam.
(b) Notwithstanding any other provision of law, the
Department of Land Management may enter into a ground lease
with the Commission for the use of Lot 1NEW-R6 for a term up
to fifty-five (55) years at One Dollar ($1.00) a year for the first
five (5) years, then the lease shall be renegotiated between the
Commission and the Department of Land Management.
(1) Rental rate for the ground lease made pursuant to
this Section shall be negotiated by the Commission, as
determined by an appraisal of the land; however, the
Commission may set the ground lease rental at a rate no
lower than fifty percent (50%) of fair market value.
(2) The appraisal shall be made within one (1) year
preceding the commencement of the lease by an appraiser
licensed pursuant to Chapter 30, Title 22, Guam Code
Annotated.
Frequently Asked Questions About Guam § 60910
What does Guam Code Annotated § 60910 cover?
Section 60910 ("Authorization to Lease.") 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 § 60910?
A common citation format is "Guam Code Annotated § 60910" (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 § 60910 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.