Qualifying certificate for new hospital almost finalized - KUAM.com-KUAM News: On Air. Online. On Demand.

Qualifying certificate for new hospital almost finalized

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by Ken Quintanilla

Guam - The qualifying certificate for the new Guam Regional Medical City is close to be finalized. According to the attorney general's public information officer Carlina Charfauros, the AG's Office has been in receipt of the contract since early April and recently completed its review as to form and legality. She however tells KUAM that AG Leonardo Rapadas did not sign off on the contract as it was missing a signature from GRMC representatives. The Guam Economic Development Authority business development manager Christina Garcia confirms the contract was returned by the AG. She says the new hospital officials wanted to sign the document at the same time as the governor however after being informed of the AG's concerns, The contract has since been forwarded to GRMC for signature. Garcia adds besides the missing signature, the AG did not appear to have any problem with the contract. As we reported, the QC for the new hospital will allow 75% income tax rebates for 20 years, 100% real property tax abatement for 10 years and 75% corporate dividend tax rebate for five years.
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