Guam § 70108 - >Sunset= Provision.

§ 70108. >Sunset= Provision.

COL120106

This Article shall take effect on its approval by I Maga=lahen

Guahan and shall remain in effect until January 1, 2002, at the expiration

of which period this Article shall automatically be deemed repealed;

provided, however, that the Board, at its discretion, may extend the

effectiveness of this Article to January 1, 2004 by adopting a resolution

to such effect prior to January 1, 2002 and provided, further, that any

qualifying certificate issued for a period expiring after January 1, 2002,

or after January 1, 2004, if the effective period has been extended, shall

remain in full force and effect until its particular term expires or it is

canceled on other grounds.

The tax rebate on sales to developers authorized by § 70107 of this

Article is available to the Beneficiary for any tax year, any part of which

falls before January 1, 2003, or before January 1, 2005, if the Article=s

effective period has been extended.