Guam Healthcare Trust and Development Fund

(a)Notwithstanding any other law, there is hereby created, separate and apart from other funds and accounts of the government of Guam, a fund known as the GMHA Healthcare Trust and Development Fund (Fund). The Fund shall not be commingled with the General Fund or any other fund or account of the government of Guam, and shall be kept in a separate bank account, subject to legislative appropriation as provided pursuant to this Chapter, to be used by the designated public healthcare agencies of the government of Guam for the purposes authorized. The Fund, to include any monies in the Fund dedicated and dispersed for purposes specified in this Act, shall not be subject to the transfer authority of I Maga’lahen Guåhan.

(b)The Fund shall be financed by:

(1)licensing fees, business privilege tax, and income tax collected from the companies involved in gaming as provided by 3 GAR § 7001 et seq. This includes those electronic gaming devices referred to in § 7114(a)(5) and licensed per Title 11 GCA, Chapter 22, Article 2. These devices shall be known as the Liberty, Symbolix, and Match Play electronic gaming devices, and only those registered with the Department of Revenue of Taxation prior to August 1, 2001, pursuant to 3 GAR § 7114 (a)(5). COL10312014 CH. 97 GMHA HEALTHCARE TRUST AND DEVELOPMENT FUND

(2)Notwithstanding any other provision of law, the collection of a special four percent (4%) assessment fee on income on all gaming devices authorized to be licensed pursuant to 11 Guam Code Annotated § 22202

(f)and 3 GAR § 7114(a)(5), to be known as the “GMHA Trust Fund Fee”.

(c)The Department of Revenue and Taxation (hereinafter the Department) shall collect such fees and transmit them to the Treasurer of Guam for deposit into the Fund. The Department shall:

(1)develop the necessary forms and instructions for the licensing of persons and companies as set forth in 3 GAR § 7001 and § 97102 (b)(1)(2) and of this Act;

(2)act as the repository for the Fund for use as authorized pursuant to this Article in carrying out the purpose of the Fund.

(d)The Department of Administration shall be the disbursing and certifying officer for the Fund, and shall comply with the provisions of Chapter 14 of Title 46, Guam Code Annotated. The Director of Administration shall maintain appropriate records of the Fund and shall provide accounting and auditing services for the Fund.

(e)The Department of Administration shall disperse funds in a manner compliant with § 97105 of this Chapter.