Terms Used In 12 Guam Code Ann. § 74117

  • Appraisal: A determination of property value.
e Authority is directed to produce an economic impact appraisal study to appraise the impact of undue military restriction upon peaceful civilian access to the development of public and private landlocked parcels in Northwest Guam. The Authority is authorized to use funds appropriated in this Chapter or earned by the Authority from industrial parkland rentals or other operations for this purpose.
SOURCE: Added by P.L. 20-222:8.

§ 74118. Authorization for Use of Proceeds Resulting From the
Authority’s Receipt of Damage Claims Awards.
Upon determination of the adverse economic impact and damage done private landowners and the government of Guam resulting from long term loss of use due to unduly restricted access and the maintenance of unsafe land polluting dumps, the Authority is authorized and directed to seek recovery of land, public rights in land, and all costs due private landowners and the government of Guam. The money proceeds of this recovery attributable to damage or loss of use of land belonging to the government of Guam, if any, are earmarked for the Authority’s development of parkland, beach and public amenities at Lot No. P04.1.

SOURCE: Added by P.L. 20-222:9.