Long Term Leasing and Contracting

Notwithstanding any other provision of law, including 21 GCA § 60112(a), the University of Guam is authorized to lease its properties, with the exemption of University of Guam Lot No. 5397 to comply with 21 GCA § 681503, for a period up to but not exceeding thirty (30) years, without prior Legislative approval, in order to create public-private partnerships as well as diversify the revenue streams of the University. The University shall hold a public hearing and allow for sixty (60) calendar days for public comment before executing such a lease. The University shall follow all appropriate laws and regulations to enter into any lease for a period exceeding thirty (30) years. SOURCE: Added by P.L. 35-114:13 (Dec. 11, 2020).