Guam § 58105 - Promotion of General Economic Improvement.
Full text of Guam Guam Code Annotated § 58105 — Promotion of General Economic Improvement., with citation guidance and answers to common questions.
§ 58105. Promotion of General Economic Improvement.
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
COL 2025-08-27
(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: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 58105
What does Guam Code Annotated § 58105 cover?
Section 58105 ("Promotion of General Economic Improvement.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 58105?
A common citation format is "Guam Code Annotated § 58105" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 58105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.