12 Guam Code Ann. § 14116
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Terms Used In 12 Guam Code Ann. § 14116
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Notwithstanding any of the provisions of this Act, specific legislative statutory approval shall be required prior to sale, transfer or lease of any real property assets or lands of the Guam Waterworks Authority. Nothing herein shall be construed as such approval. In addition, notwithstanding any other provision contained herein, the provisions of 1 Guam Code Ann. § 1800 shall be applicable to the Guam Waterworks Authority.
SOURCE: Added by P.L. 23-119:1 (July 31, 1996).