Title 21 — Real Property
50 chapters · 1,488 sections in this title.
21 GCA § 76602 Guam Preservation Trust Income
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(a) Notwithstanding any other provision of law, one hundred percent (100%) of all fees collected pursuant to § 66408 of Division 2 of Title 21 of the Guam Code Annotated, shall be deposited in the Guam Preservation Trust Fund. Fines collected under § 76211 of Division 2 of Title …
21 GCA § 76603 Limitation to Purposes of Trust
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Expenditures by the Trust shall be limited to purposes of the Trust and may not be used for any operation of the Department of Parks and Recreation or any other agency, department, bureau, division, office, instrumentality or branch of the government of Guam. SOURCE: Added as GC …
21 GCA § 76604 Power of the Trust
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The Trust shall have the following powers in coordination with its purposes: (a) To sue and be sued in its own name; (b) To hire its own legal counsel; (c) To hire or contract for the management of Trust assets and the conduct of Trust business; (d) To enter into and execute cont…
21 GCA § 76605 Exemption from Executive Budget Act and
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Government Procurement Law. The Trust is exempt from the provisions of the Executive Budget Act (5 GCA Chapter 4). SOURCE: Added as GC § 13985.85 by P.L. 21-007:4 (Apr. 19, 1991). Repealed by P.L. 25-072:13(b) (Sept. 30, 1999), and reenacted by P.L. 27- 089:2 (May 6, 2004).
21 GCA § 76606 Responsibilities of the Trust
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The Trust is subject to the following responsibilities: (a) A fiduciary duty toward the funds and purposes of the Trust; (b) The preparation of an annual audit report which is to be submitted to I Maga'lahen Guåhan [the Governor] and I Liheslaturan Guåhan [the Legislature] within…
21 GCA § 76607 Line of Credit Authorized
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The Guam Preservation Trust Fund may be encumbered as collateral for a loan or line of credit to advance its grant programs pursuant to a Guam Historic Preservation Master Plan as de- scribed in § 76601(d) of this Article. The Trust is authorized to enter into such agreements nec…
21 GCA § 76608 I Liheslatura [Legislative] Appropriations
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I Liheslatura [The Legislature] may, from time to time, appropriate funds from the General Fund for deposit in the Guam Preservation Trust Fund. Such funds, when appropriated, shall be paid directly to the Trust. SOURCE: Added by P.L. 27-089:2 (May 6, 2004).
21 GCA § 76609 Abatement of Taxes
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The Director of Revenue and Taxation shall grant an abatement of property taxes on private property which is included within a historic preservation easement executed by the private owner and approved by the Guam Preservation Trust's Board of Directors. SOURCE: Added by P.L. 20-1…