12 GCA § 58105
Promotion of General Economic Improvement
View official PDF ↗No Qualifying Certificate shall be issued unless the Authority finds that the proposed activities of the Beneficiary shall promote the general economic development of Guam by:
(a)Employment. Creation of employment; plus
(b)Replace Imports. Replacement of imports; or
(c)Price Reduction. Reduction in consumer prices; or
(d)Affordable Housing and Needed Facilities. Creation of affordable housing or other vitally needed facilities; or
(e)Economic Activity. Creation of economic activity of value to Guam; or CH. 58 QUALIFYING CERTIFICATES
(f)Insurance. Establishment of Guam as a financial/insurance center for the Pacific, and increasing the availability and lowering the cost of insurance in Guam.
§ The story of this section
- Amended by P.L. 23-109 § 2 — introduced as Bill 299-23 · introduced by Joe T. San Agustin + 2 cosponsors
- Amended by P.L. 23-135 § 11 — introduced as Bill 606-23 · introduced by Joe T. San Agustin + 2 cosponsors
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.