12 Guam Code Ann. § 58105
Terms Used In 12 Guam Code Ann. § 58105
- 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
(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.