12 Guam Code Ann. § 70103
Terms Used In 12 Guam Code Ann. § 70103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) Information on tourism. To work with the Guam Visitors Bureau and other concerned agencies to collect and disseminate information concerning Guam’s tourist industry and the financial incentives offered by the government of Guam for the development, operation and ownership of hotels and tourist facilities in Guam;
(b) Coordination with government agencies. To assist persons interested in building or expanding hotels or tourist facilities in Guam in obtaining information from and coordinating with government of Guam agencies, public corporations and Federal agencies represented in Guam;
(c) Information on financing. To assist those persons interested in building or expanding hotels or tourist facilities in Guam in obtaining financing by maintaining and disseminating information regarding financing available through private and public sources; and
(d) Feasibility studies. To provide administrative and financial assistance, on such terms and upon such conditions as the Board may determine, with respect to the preparation of feasibility studies relating to specific proposals for the development or expansion of hotels or tourist facilities in Guam.
SOURCE: GC §53609.2, as added by P.L. 16-87. Amended by P.L. 23-135:3.
