12 Guam Code Ann. § 1402
Terms Used In 12 Guam Code Ann. § 1402
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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COL 8/23/2023
12 Guam Code Ann. AUTONOMOUS AGENCIES
CH. 1 ANTONIO B. WON PAT INTERNATIONAL AIRPORT AUTHORITY, GUAM
on Guam are not eligible for this Program. The Executive Manager shall ensure that the products being offered by Program participants do not infringe on the master concessionaire agreement for exclusive products, and that the master concessionaire does not infringe on products being offered by businesses in the Program. The Program is designed to provide incentives to participate including, but not limited to, up to two (2) years of reduced business licensing fees as an incentive to participating businesses. In addition, the Executive Manager shall designate floor space within the Antonio B. Won Pat Guam International Air Terminal for use by Program participants and, to the extent allowable, shall charge the lowest possible percentage of gross sales for up to two (2) years and may charge a graduated rate as a percentage of gross sales after the two (2) year period, not to exceed ten percent (10%), in lieu of a charge per square foot, for lease or use of space. The Executive Manager may reduce or waive any other charges that may be imposed on each participating business.
The Authority is urged to make available to each vendor a kiosk display area that showcases the Chamorro culture, such as a kiosk designed in the form of the karetan carabao, and the use of indigenous materials in the branding of each vendor’s display area. The Authority shall collaborate with the Department of Chamorro Affairs and shall collaborate with the Guam Visitors Bureau to assist with the branding of the vendors’ display areas, and to ensure a quality image is portrayed to both visitors and residents utilizing the terminal facilities. The Authority may seek financial assistance from the Guam Visitors Bureau in the procurement of the display areas and the materials to be used in the branding of these areas. The Authority and the Guam Economic Development Authority shall establish a grant program for businesses participating in the incubator program.
SOURCE: Added by P.L. 32-068:XII:28 (Sept. 11, 2013).