Long Term Leasing and Contracting

Notwithstanding any other provision of law, including 21 GCA § 60112(a), the University of Guam is authorized to lease its properties, with the exemption of University of Guam Lot No. 5397 to comply with in order to create public-private partnerships as well as diversify the revenue streams of the University. The University shall hold a public hearing and allow for sixty

(60)calendar days for public comment before executing such a lease. The University shall follow all appropriate laws and regulations to enter into any lease for a period exceeding thirty

(30)years.