12 Guam Code Ann. § 77908
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Terms Used In 12 Guam Code Ann. § 77908
- 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
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The Task Force shall develop recommendations summarizing the best path forward in developing a new public hospital facility through a purchase agreement, municipal lease program, public-private partnership, or other financing option determined to be most beneficial to the taxpayers of Guam. The recommendations shall include, but not be limited to, recommended funding sources and maintenance plans. The Task Force shall provide an oral presentation to I Liheslaturan Guåhan through the Committee on Health within the timeframe required under § 77909(c) of this Article.