Fees

4 CMC § 50207 — under Investment Incentive Act.

4 CMC § 50207

TITLE 4: ECONOMIC RESOURCES

DIVISION 5: BUSINESS REGULATION

§ 50207. Fees. (a) Application fee. All application fees are non-refundable. Non-refundable application fees are as follows: a. b. c. d. e. f. g. h. i. j. k. l. m. n.

Activity Franchise restaurant Water park Aquarium Cultural center Theme park Resort hotel and condominium Golf course Convention center Dinner theater Special events CNMI based airlines and other aviation related activity Manufacturing or processing of high technology products Internet related businesses and/or businesses engaged in internet commerce Any development or project beneficial to the economic development of the Commonwealth not listed above;

Filing fee: $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 10,000 $ 10,000 $ 10,000 $ 5,000 $ 5,000 $ 2,500 $ 5,000 $ 10,000 $ 2,500 $ 2,500

Provided that for the islands of Rota and Tinian, the applicable non-refundable filing fees shall be sixty percent of the corresponding figures listed above. If an applicant’s development or proposed development combines or combined two or more of the activities listed above, and the development is in one contiguous location, the applicant shall pay only one filing fee, for whichever activity has the highest fee. (b) Compliance fee. The Board is authorized to impose a non-refundable fee to cover the reasonable expenses of monitoring and ensuring compliance of the Beneficiary as required under this Chapter and regulations thereunder. (c) All fees collected pursuant to this section shall be payable to and deposited to the Commonwealth Economic Development Authority to be expended by the Commonwealth Economic Development Authority exclusively for the purposes set forth in this Chapter. Source: PL 12-32, § 3 (3307), modified; amended by PL 12-50, § 2 (e); subsection (a) amended by PL 12-80, § 2 (e); PL 22-1, § 3 (June 7, 2021). Commission Comment: In addition to changes in capitalization for conformity and elimination of repetitious figures, the Commission corrected a manifest clerical error by inserting the word “or” in subsection (a)(1) above. See 1 CMC § 3806.