Program Caps and Sunset Provision

(a)The aggregate value of all incentives issued under this Article shall not exceed Five Million Dollars ($5,000,000) per fiscal year.

(b)Unused credits, not exceeding Two Hundred Fifty Thousand Dollars ($250,000), may be carried forward for one

(1)additional fiscal year.

(c)No single applicant or affiliated group shall receive incentives exceeding the per-applicant cap established pursuant to § 771504(b) of this Article.

(d)This Article shall expire five

(5)years after enactment unless reauthorized by I Liheslaturan Guåhan.

(e)GEDA shall submit a comprehensive evaluation to I Maga’håga/Maga’låhi and I Liheslaturan Guåhan six

(6)months before sunset, including total incentives issued by type, private investment leveraged, jobs created, geographic distribution, and measurable tourism or business impact indicators.