Guam § 83103 - Authorization to Enter into Long-Term Leases.
Full text of Guam Guam Code Annotated § 83103 — Authorization to Enter into Long-Term Leases., with citation guidance and answers to common questions.
§ 83103. Authorization to Enter into Long-Term Leases.
(a) For the purpose of facilitating the financing, design, build
and maintenance of the Guam Twenty-First Century Healthcare
Center encompassed by this Act, the Government of Guam is
authorized to lease property that will be used for the Guam
Twenty-First Century Healthcare Center, as required, to the Guam
Economic Development Authority and/or the contractor/
developer sufficient Government of Guam real property;
provided, that such property is in the inventory of the Government
of Guam.
(b) The Government of Guam is also authorized to lease-back
the property from the Guam Economic Development Authority
and/or the contractor/developer for a period mutually agreed upon
between the Government of Guam and the Guam Economic
Development Authority and/or the contractor/developer as may be
reasonably necessary to amortize the lease-back period of no more
than forty (40) years of the cost associated with the design,
construction, and maintenance of the Guam Twenty-First Century
Healthcare Center. In no event shall the end of such lease-back
period be structured as an annually renewable lease with a
provision for automatic renewals to the extent that pledged
revenue under § 83109 of this Chapter is available. The lease-back
shall not be construed as a debt under any applicable debt
limitation under the Organic Act of Guam or Guam law.
2022 NOTE: Subsection designations added pursuant to the authority of
1 GCA § 1606.
Frequently Asked Questions About Guam § 83103
What does Guam Code Annotated § 83103 cover?
Section 83103 ("Authorization to Enter into Long-Term Leases.") 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 § 83103?
A common citation format is "Guam Code Annotated § 83103" (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 § 83103 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.