Child Care Revolving Fund

There is hereby established a Child Care Revolving Fund (the Fund), to be maintained by the Director of the Department.

(a)The Fund shall be established and maintained in an account separate and apart from any other account(s) of the government of Guam, and shall not be co-mingled. All funds due or accruing to the account from whatever source(s), as provided or authorized pursuant to applicable law, inclusive of any interest, shall be deposited in the Fund immediately upon receipt by the government of Guam.

(b)The Department shall report monthly and maintain full compliance with all financial reporting requirements of the government of Guam pursuant to applicable laws. Reports shall be submitted to I Liheslaturan Guåhan via the office of I Maga’hågan/Maga’låhen Guåhan.

(c)No Transfer Authority. The money placed in the Fund is not subject to any transfer authority of I Maga’hågan/Maga’låhen Guåhan.