As a condition of this Special Hotel QC, the QC beneficiary shall make a community contribution to the Authority in an amount equal to 0.5% of the total hotel construction cost. The terms of the community contributions shall be subject to negotiations between the Authority and the developer. Distribution of funds
COL 2025-08-27
to be approved by the GEDA Board, based on the recommendation of the Administrator, will be to the following areas: (a) funding for the maintenance and upkeep of certain tourist attractions or to support other tourism projects; (b) economic development with a priority on the promotion of industry and small business; and (c) higher education and cultural preservation.