Sale of Lots

Notwithstanding any law, rule or regulation to the contrary, the Authority is authorized to sell lots within the subdivision established by this Chapter for less than fair market value. Such sales shall be made only to either a single person or a family who are bona fide residents of Guam. Such sales shall be in accordance with and limited to the following preferences:

(a)First preference shall be given to those families who were, on August 25, 1978, residing within the subdivision area under a Land Management Land Use Permit and continue to reside there, or COL4122017 CH. 5 GUAM HOUSING AND URBAN RENEWAL AUTHORITY to families who reside under a Land Management Land Use Permit or Department of Agriculture Land Use Permit on government land which has been designated as a water conservation area as indicated on the Bureau of Planning Land and Water Natural Resources Map who are without fee title to any real property, in or out of the territory, and whose income does not exceed the limits established for a low-income family or a single person residing in low rent housing projects operated by the Authority.

(b)Second preference shall be given to those families or heads of a household, as defined by the U.S. Internal Revenue Code, who are, pursuant to a Land Management Land Use Permit, residing on government land designated as a low density area on the Bureau of Planning Land and Natural Resources Map, are without fee title to any real property in or out of the territory, and whose income does not exceed the limits established for a low-income family or a head of a household, as defined by the U.S. Internal Revenue Code, residing in low rent housing projects operated by the Authority.

(c)Third preference shall be given to the other eligible families residing on government land under a Land Management Land Use permit who are without fee title to any real property in or out of the territory, and whose income does not exceed the limits established for a low-income family or a head of a household, as defined by the U.S. Internal Revenue Code, residing in low rent housing projects operated by the Authority.

(d)Fourth preference shall be given to tenants of low-rent housing programs operated by the Guam Housing Corporation or the Authority who are without fee title to any real property in or out of the territory, and whose income does not exceed the limits established for a low-income family or a head of a household, as defined by the U.S. Internal Revenue Code, residing in low rent housing projects operated by the Authority.

(e)Except for those families who were on August 25, 1978, residing within the As-Tumbo Subdivision, in carrying out the provisions of this section, the Authority shall require a sworn statement from each applicant except first preference applicants as to such applicant’s ownership of land in Guam or elsewhere. Each deed shall be subject to a right of reverter to the Authority if

(1)such statement on non-ownership was false or COL4122017 CH. 5 GUAM HOUSING AND URBAN RENEWAL AUTHORITY

(2)the grantee(s) sells or leases to a third party any of the property after the date of execution of the deed.

(f)Families who reside in water conservation areas under the First Preference, and those eligible under the Second, Third and Fourth Preferences set out in this Section 13944 shall be chosen by lottery to be conducted no later than June 30, 1990.