12 Guam Code Ann. § 50302
Terms Used In 12 Guam Code Ann. § 50302
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) applicant means a small or midsize business;
(b) Administrator means the Administrator of the Guam
Economic Development Authority;
(c) eligible government project means a project that will affect one or more small or mid-size businesses as a result of construction work because the construction is anticipated to impair access for a minimum period of one month;
(d) project means any improvement or alteration to real property, including demolition work to clear a site;
(e) government means the government of Guam or its instrumentality;
(f) small business means a business that generates gross profit less than or equal to Two Hundred Thousand Dollars ($200,000) on an annual basis, and is located in an area that is adjacent to an eligible government project;
(g) mid-size business means a business that generates gross profit less than or equal to One Million Dollars ($1,000,000) and gross sales less than or equal to Two Million Dollars ($2,000,000) on an annual basis, and is located in an area that is adjacent to an eligible government project; and
(h) Program means the Government of Guam Mitigation
Program for Business Interruption.
