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
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(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. SOURCE: Subsection (a) originally numbered § 58105.6, amended by P.L. 23-109:2(b) (July 26, 1996). Subsection (d) originally numbered § 58105.4 amended by P.L. 23-135:11(b) (Jan. 1, 1997). 2022 NOTE: Sections 58105.1 through 59105.6 renumbered to § 58105 (a) through (f) by the Compiler pursuant to 1 GCA § 1606. Reference to “territory” replaced with “Guam” pursuant to 1 GCA § 420.