{"data":{"id":"us-gu/12-gca-83103","jurisdiction":"us-gu","citation":"12 GCA § 83103","heading":"Authorization to Enter into Long-Term Leases.","body":"(a) For the purpose of facilitating the financing, design, build and maintenance of the Guam Twenty-First Century Healthcare Center encompassed by this Act, the Government of Guam is authorized to lease property that will be used for the Guam Twenty-First Century Healthcare Center, as required, to the Guam Economic Development Authority and/or the contractor/ developer sufficient Government of Guam real property; provided, that such property is in the inventory of the Government of Guam.\n(b) The Government of Guam is also authorized to lease-back the property from the Guam Economic Development Authority and/or the contractor/developer for a period mutually agreed upon between the Government of Guam and the Guam Economic Development Authority and/or the contractor/developer as may be reasonably necessary to amortize the lease-back period of no more than forty (40) years of the cost associated with the design, construction, and maintenance of the Guam Twenty-First Century Healthcare Center. In no event shall the end of such lease-back period be structured as an annually renewable lease with a provision for automatic renewals to the extent that pledged revenue under § 83109 of this Chapter is available. The lease-back shall not be construed as a debt under any applicable debt limitation under the Organic Act of Guam or Guam law.","path":["Title 12: Autonomous Agencies","Division 2 - Economic Development","Chapter 83: The Guam Twenty-First (21st) Century Healthcare Center Act of 2021"],"source_url":"https://col.guamcourts.gov/sites/default/files/12gc083.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:27:28Z","sha256":"7778b54df6b7c55daf6e276fe37103786a0940dbb9866674cea70a9f5cae919e","source_id":"us-gu","stale":false,"prev":"us-gu/12-gca-83102","next":"us-gu/12-gca-83104"},"notice":"GroundRules: Original legal text. Not legal advice."}