§ 70101 Legislative Findings
§ 70102 GEDA to Promote Additional Hotels and Tourist Facilities
§ 70103 Same: Powers and Responsibilities
§ 70104 Same: Definitions
§ 70105 Business Privilege and Use Tax Exemptions
§ 70106 Consideration to Existing Hotels
§ 70110 Title
§ 70111 Southern Economic Incentive Region
§ 70112 Tax Rebates, Abatement and Exemption Benefits for Home\r\nContractors or Developers
§ 70113 Amendment to Rules
§ 70114 Severability

Terms Used In Guam Code > Title 12 > Chapter 70 - Hotel Development

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.