Guam § 74103 - Landowner=s Recovery Fund Created.

§ 74103. Landowner=s Recovery Fund Created.

There is created the Landowner=s Recovery Fund to further the

purposes of 21 GCA Chapter 80, to grant loans, or guarantees of loans or

grants-in-aid to landowners, or to defer costs or fees of professional

services required by those landowners or class of landowners whose

land, rights in land or interest in land were taken by the Naval

Government of Guam or the United States Government on or after

January 1, 1930, in order to assist such landowners with pursuit of

adequate remedies for such taking, such remedies to include just

compensation or return of the land or access to landlocked lots or other

adequate redress of an adverse impact of the land takings, all to be on a

reimbursable basis, according to standards and conditions set out in §

72108 of this Article. The Fund shall be utilized to make funds available

for landowners to contract with attorneys and necessary non-attorney

consultants and for the Facilitator, on behalf of a class of landowners, to

likewise contract for such professional services as are required to further

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CH. 74 LANDOWNER’S RECOVERY FUND

the aims of this Article. The Fund shall be utilized to make funds

available as necessary for real property research, survey, pre-trial

discovery, pre-litigation settlement negotiation or litigation in the

circumstances where all non-litigation remedies have been attempted

without satisfactory result.