GEDA revising draft bill updating QC program - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA revising draft bill updating QC program

Posted: Updated:
 by Ken Quintanilla

Guam - It was less than a month ago when the Guam Economic Development Authority presented draft legislation to lawmakers for a special qualifying certificate for hotel development on Guam and according to GEDA board member David John after receiving some feedback from oversight chair Senator Dennis Rodriguez, the committee is revising the draft bill for further consideration.

He explained, "In this case with the hotels the goal is to build more rooms, to increase the hotel occupancy tax and increase employment in the tourism trade and in exchange for that, we're offering some benefits to the developer to help offset some of their costs so we can hit GVBs goal of 1,600 rooms by year 2020."

In the meantime Rodriguez says he hopes to introduce a bill on the updated QC                program in the next two weeks. He adds despite a few concerns the draft bill was a good start and hopes to take a "more holistic approach" in "fixing up the holes in the QC program."

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