Authorization to Borrow

(a)I Maga’lahen Guåhan is authorized by this Section to enter into a debt agreement on behalf of the Government of Guam for the sole purpose of financing the purchasing and shipping of equipment for the Guam Fire Department and to secure such loan by proceeds from the FLAME Fund (10 GCA § 72106). I Maga’lahen shall enter into such an agreement subject to the concurrence of the Legislature by statute, and the members shall not incur any personal liability for any loan agreement lawfully entered into. The debt agreement shall become effective as of the date the Legislature concurs by statute. 12 GCA § 2103(k) shall apply to the loan obtained pursuant to this Chapter. The term of the debt agreement shall not exceed ten

(10)years. For purposes of this Section, the form of the debt instrument for the “debt agreement” may be a loan, bond or other form of debenture. The choice of the debt instrument shall be the instrument with the lowest cost of funds in terms of net present value of the origination costs and future payments.

(b)Equipment to be purchased: Item Highrise Apparatus – Ladder Truck Extension Highrise Apparatus – Elevated Platform Fire Trucks (fully equipped) Tankers (5,000 Gallons) Quantity Estimate

(ea)Cost Cost Total 1,300,000 $1,300,000 1,300,000 1,300,000 500,000 2,000,000 300,000 600,000 COL10/29/2021 CH. 72 GUAM FIRE DEPARTMENT Ambulances (fully equipped) Rescue Boats (fully equipped) Heavy Duty trucks (tow boats) District Commander Vehicles Jet Skis (fully equipped) Special Rescue Vehicles

(ALS)Defibrillators (one for each fire truck) Emergency Equipment (Jaws of Life, etc.) 275,000 1,100,000 390,000 780,000 50,000 100,000 40,000 80,000 20,000 60,000 50,000 150,000 30,000 300,000 80,000 Total $7,850,000