Guam Memorial Hospital Authority Medicaid Matching Fund

(a)There is hereby created, separate and apart from other funds of the government of Guam, a fund known as the GMHA Medicaid Matching Fund (hereinafter the Fund). The Fund shall be kept in a separate bank account, administered by the Department of Public Health and Social Services. The Fund shall not be subject to any transfer authority of I Maga’hågan/Maga’låhen Guåhan or any interfund transfers. The sole authorized expenditure of the Fund is for the payments of bills for services as authorized by § 26208.2. All payments from the Fund for services incurred by qualified Medicaid recipients provided at the Hospital shall include the federal matching funds of the Medicaid program.

(b)The BBMR shall allot twenty-five percent (25%) of the annual appropriation from the GMHA Pharmaceuticals Fund each quarter of the fiscal year to the Guam Memorial Hospital Authority. Thirty

(30)days after the end of each fiscal quarter, all unexpended or unencumbered allotments remaining in the Fund shall no longer be available as Medicaid matching funds and shall be immediately remitted to the GMHA.