Same: Powers and Responsibilities

The Corporation is authorized and empowered to do all things necessary or appropriate to carry out the purposes of this Article. It is expressly authorized:

(a)Information on tourism. To work with the Guam Visitors Bureau and other concerned agencies to collect and disseminate information concerning Guam’s tourist industry and the financial incentives offered by the government of Guam for the development, operation and ownership of hotels and tourist facilities in Guam;

(b)Coordination with government agencies. To assist persons interested in building or expanding hotels or tourist facilities in Guam in obtaining information from and coordinating with government of Guam agencies, public corporations and Federal agencies represented in Guam;

(c)Information on financing. To assist those persons interested in building or expanding hotels or tourist facilities in Guam in obtaining financing by maintaining and disseminating information regarding financing available through private and public sources; and

(d)Feasibility studies. To provide administrative and financial assistance, on such terms and upon such conditions as the Board may determine, with respect to the preparation of feasibility studies relating to specific proposals for the development or expansion of hotels or tourist facilities in Guam.