Draft policy for CLTC business leases submitted - KUAM.com-KUAM News: On Air. Online. On Demand.

Draft policy for CLTC business leases submitted

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by Lannie Walker

Guam - The draft rules and regulations for commercial leases was the main item on the agenda during this afternoon's Chamorro Land Trust Commission's board of directors.  The agency's acting chairman, Oscar Calvo, submitted the documentation today to the board.

"It's up to us now decide to accept it or not and now call recess to other members can read it and see if we are okay with signing off with the draft," he explained, the commercial lease rules and regulations need to be put into place before commercial leases can be issued.

He additionally says he does not know when the board will reconvene and make a final decision.

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