21 GCA § 60114: Provision for Leasing of Government Owned Property for Commercial Purposes.

(a) Notwithstanding any provision of law, rule or regulation to the contrary, the government of Guam is authorized to lease government-owned property for a term not exceeding fifty (50) years for commercial purposes.

(b) No portion of the leased land shall be sub-leased without the written consent of the Governor, approved as to form by the Attorney General and approved by the Legislature as provided in § 60112 of this Article.

(c) All leases shall be executed by the Governor, attested by the Lieutenant Governor and be approved as to form by the Attorney General.

(d) A copy of every executed lease shall be filed with the Department of Administration.

(e) The lease shall be approved by the Legislature as provided in § 60112 of this Article.