21 Guam Code Ann. § 60603
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Terms Used In 21 Guam Code Ann. § 60603
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
All monies received from legal land document recordation, applications to purchase land, land use application fees, long-term lease fees shall be deposited in the Land Survey Revolving Fund and all debts, liabilities, obligations and operating expenses in connection with land survey shall be paid therefrom; provided, that no monies shall be transferred to said fund from the General Fund, without the express written consent of the Director of the Bureau of Budget and Management Research, and provided further, that all monies to be paid out of said fund for the purpose heretofore mentioned, shall be released via an allotment advice from the Bureau of Budget.
SOURCE: GC § 13971.1 added by P.L. 17-070:II:27.