Title 5 — Government Operations

For purposes of this Chapter and unless otherwise specified, the following words and phrases are defined to mean: (a) Contract shall mean the design, construction and financing contract entered into by and between the Education Agency and the Contractor. (b) Contractor shall mean…

(a) For the purpose of facilitating the financing of the design, construction and maintenance of an Education Facility encompassed by this Act, the government of Guam or an Education Agency, as the case may be, is authorized to lease, if required, to the Contractor sufficient gov…

The Contract shall require that the Contractor be responsible for all costs, expenses and fees of any kind or nature, associated with the design, civil improvements, on-site and off-site infrastructure, construction, permits, and financing associated with the completion of an Edu…

COL372014 To facilitate the purposes of this Act and to provide security for the holders of any financing instruments issued pursuant to this Act, the Contractor may assign, without the need of the consent of the Education Agency, the Contract, the Lease and the Lease-Back to any…

To minimize the financing cost to the Education Agency, financing utilized by the Contractor to fund the design and construction of the Education Facility shall be through the use of Qualified School Construction Bonds in an amount not to exceed Twenty-One Million Eight Hundred E…

Rental payments under the Lease and the Lease-Back shall be secured by a pledge or other reservation of revenues received by or on behalf of the government of Guam from the United States of America pursuant to Section 30 of the Guam Organic Act (48 U.S.C.A. Section 1421h). Any am…

The Education Agency shall be responsible for the connection and payment of all utilities, including without limitation, power, water, sewer, telephone and cable, and all routine interior maintenance and repair and exterior grounds keeping and landscaping and upkeep of the Educat…

The Contract or a separate maintenance agreement with the Contractor, and the Lease-Back, shall provide that all capital maintenance of the Education Facility be performed by the Contractor as a separate cost, the terms of which, and the manner for establishing the amount of paym…

If any provision of this Chapter or its application to any person or circumstance is found to be invalid or contrary to law, such invalidity shall not affect other provisions or applications of this Chapter which can be given effect without the invalid provisions or application, …

(a) Definitions. Words and phrases used in this Section have the respective meanings assigned to them in § 58B101 of this Chapter. (b) Authorization. Subsidy payments received from the federal government with respect to the Qualified School Construction Bonds issued pursuant to t…