GEDA transmits GMRC QC app to DRT - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA transmits GMRC QC app to DRT

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by Ken Quintanilla

Guam - Three months after its board of directors approved the request, the Guam Economic Development Authority has finally transmitted the qualifying certificate request for the Guam Regional Medical City to the Department Of Rev & Tax. Business development manager Tina Garcia says the delay in transmittal was due to both GEDA and GRMS's legal  counsels approving the language in the terms and conditions agreed upon in December last year. She adds while the hospital isn't expected to open until October this year, the effective date for the tax benefits will be on January 1, 2015 almost three years since the new hospital filed a letter of intent with GEDA.  Once signed off by DRT, it will be forwarded to the Attorney General's Office and then to the Governor's Office.

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