This Act inserts aquaculture as a “best use” purpose for which Chamorro Homelands are to be leased and prescribes certain requirements regarding the activity of aqualculture on Camorro land. The Chamorro Land Trust Commission is authorized to lease to native Chamorros the right to the use and occupancy of Chamorro homelands within specified acreage limits for each lessee. The lessee of aquaculture lands shall install and maintain a specified type of pool, pound or tank approved by the appropriate agencies.

This Act prescribes that, in the event that certification of the aggregate tax valuation of the property in Guam, as set forth in §11 of the Organic Act of Guam (48 U.S.C. §1423a)is required, then the aggregate tax valuation of the property in Guam shall be certified as being one hundred percent of the appraised value of the property on Guam based on the last completed valuation conducted pursuant to section §24306, Title 11 of the Guam Code, as supplemented by the annual adjustments.

This Act adds a new section to the subdivision legislation of Guam so as to clarify the rights and obligations relative to public access and utility easements and thereby resolve a possible source of conflict among neighbours. The Act provides for clearer description and accurate registration of rights relative to an easement, access, roadway or right of way.