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 Chapter provides for various matters relative to trusts in real property. Trusts shall be in writing in accordance with section 1. Sections 2 and 3 concern the protection of the purchaser of a trust. Section 4 concerns a trust given as security. Other provisions of this Act concern conveyancing of trusts and other dispositions regarding trusts and their legal effects.

The purpose of this Chapter is to establish certain minimum regulations for the protection and promotion of the public health, safety and general welfare of the people of the Territory of Guam, which regulations are deemed necessary in order to encourage the most appropriate use of land, to provide adequate open spaces about buildings for light and air, to prevent undue concentration of population, and to assure adequate provisions for community utilities and facilities such as water, schools, parks and other public requirements.