Definitions

For purposes pursuant to Article 4 of this Chapter:

(a)“Agency” means the Guam Economic Development Authority (GEDA).

(b)“Qualified Business” or “Qualified Commercial Structure” means any commercial entity operating on Guam that:

(1)Is current on all tax obligations to the Government of Guam; and

(2)Holds all licenses and permits necessary for lawful operation.

(c)“Qualified Improvement” means any exterior renovation, facade restoration, landscaping, signage, lighting, or other aesthetic enhancement visible from a public right-of-way or frequented by visitors and residents, which enhances the tourism and community environment of Guam. For purposes of this Article, “facade restoration” means preserving or restoring the aesthetic appearance and/or character of a building’s frontage or exterior.

(d)“Project Cost” means the verified total cost of materials, labor, and professional services directly related to a qualified improvement.

(e)“Applicant” means either the property owner or a tenant with written consent from the property owner.