Definitions

COL120106 CH. 68 HOSPITAL FACILITIES FINANCE ACT As used or referred to in this Chapter, the following words and terms shall have the following meanings, unless the context clearly indicates otherwise:

(a)Board means the Board of Directors of the Guam Economic Development Authority.

(b)Bonds or notes means the revenue bonds or bond anticipation notes, respectively, authorized to be issued by the Corporation under this Chapter.

(c)Corporation means the Guam Economic Development Authority, created by P.L. 8-80, Eighth Guam Legislature.

(d)Costs as applied to any hospital facilities means the costs of construction or acquisition; the cost of acquisition of property, including rights in land and other property, both real and personal and improved and unimproved; the cost of demolishing, removing or relocating any buildings or structures on land so acquired, including the cost of acquiring any land to which such buildings or structures may be moved or relocated; the cost of all machinery, fixed and movable equipment and furnishings; financing charges, interest prior to and during construction and, if deemed advisable by the Board, for a period not exceeding two

(2)years after the estimated date of completion of construction, the cost of engineering and architectural surveys, plans and specifications; the cost of consulting and legal services and other expenses necessary or incident to determining the feasibility or practicability of constructing or acquiring such hospital facilities; the cost of administrative and other expenses necessary or incident to the construction or acquisition of such hospital facilities, the cost of any service fees to the Corporation; and the financing of the construction or acquisition thereof, including reasonable provision for working capital and a reserve for debt service; and the cost of reimbursing any governmental agency or any lessee of any hospital facilities any amounts expended for items that would have been proper costs of such hospital facilities within the meaning of this definition had such expenditure been made directly by the Board; it shall also mean the cost of refunding any indebtedness incurred for any purpose for which bonds or notes may be issued pursuant to this Chapter. COL120106 CH. 68 HOSPITAL FACILITIES FINANCE ACT

(e)Hospital facilities means any one or more buildings, structures, additions, extensions, improvements or other facilities, which may, if the Board so decides, be built to the specifications of the lessee, whether or not located on the same site or sites, machinery, equipment, furnishings or other real or personal property suitable for health care or medical care; and includes, without limitation, general hospitals, chronic diseases, maternity, mental, tuberculosis and other specialized hospitals; facilities for intensive care and self-care; clinics and out-patient facilities; clinical, pathological and other laboratories; hospital research facilities; laundries; residences and training facilities for nurses, interns, physicians and other staff members; food preparation and food service facilities; administration buildings, central service and other administrative facilities; communication computer and other electronic facilities, fire fighting facilities, pharmaceutical and recreational facilities; storage space, x-ray, laser, radiotherapy and other apparatus and equipment; dispensaries; utilities; vehicular parking lots and garages; office facilities for hospital staff members and physicians; and such other health and hospital facilities customarily under the jurisdiction of or provided by hospitals, or any combination of the foregoing, with all necessary, convenient or related interests in land machinery, apparatus, appliances, equipment, furnishings, appurtenances, site preparation, landscaping and physical amenities; hospital facilities shall not include any property used or to be used for sectarian instruction or study or as a place for devotional activities or religious worship.

(f)Indenture means a resolution adopted or an agreement entered into and approved or adopted by a majority of all members of the Board and the Governor, and by the Legislature by resolution, providing for the issuance of bonds or notes.

(g)Nonprofit agency means any nonprofit corporation existing or hereafter created and empowered to acquire, by lease or otherwise, operate and maintain hospital facilities.

(h)Organic Act means the Organic Act of Guam as amended and in effect on the effective date of this Chapter.

(i)Public agency means any entity established by the laws of Guam, whose governing and policy determining body is appointed by the Governor or Legislature of the territory of Guam, and whose COL120106 CH. 68 HOSPITAL FACILITIES FINANCE ACT functions or purposes include the provision or operation of hospital facilities for the people of Guam; it also means any municipality, other political subdivision or agency or instrumentality of the territory of Guam.

(j)Territory means the territory of Guam.