Guam § 58201 - Legislative Intent.
Full text of Guam Guam Code Annotated § 58201 — Legislative Intent., with citation guidance and answers to common questions.
§ 58201. Legislative Intent.
(a) I Liheslaturan Guåhan recognizes that the Qualifying Certificate program of the Guam Economic
Development Authority (Authority) was conceived as an economic incentive tool to entice investors into
Guam. In use for over four (4) decades, it has had a substantial positive impact upon the economic
development of Guam, mainly in the tourist industry.
(b) It is the goal of the Guam Visitors Bureau, under their Vision 2020, to build one thousand six
hundred (1,600) new hotel rooms by 2020. Several companies have expressed interest in building hotel
rooms on Guam; however, Guam must offer incentives to compete with other tourism markets.
(c) Prospective developers have also expressed a reluctance to commit, as it is yet unknown where
Guam stands with the China Visa Waiver program. This has caused a delay in the development of our
number one industry, and the Qualifying Certificate could provide additional incentive to develop the 1,600
rooms in time to meet the 2020 deadline.
(d) As such, I Liheslatura recognizes the aggressive goal of 1,600 hotel rooms by the year 2020, and
the Guam Qualifying Certificate Program shall be updated to provide special incentives for hotel
developers.
2025 NOTE: Subsection designations added pursuant to 1 GCA § 1606.
Frequently Asked Questions About Guam § 58201
What does Guam Code Annotated § 58201 cover?
Section 58201 ("Legislative Intent.") 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 § 58201?
A common citation format is "Guam Code Annotated § 58201" (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 § 58201 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.