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

(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). Subsection (d) originally numbered § 58105.4 amended by P.L. 23-135:11(b).

2022 NOTE: Sections 58105.1 through 59105.6 renumbered to § 58105 (a) through (f) by the Compiler pursuant to 1 Guam Code Ann. § 1606. Reference to “”territory”” replaced with “”Guam”” pursuant to 1 Guam Code Ann. § 420.