Expenditures from the Trust Fund

In order for I Liheslaturan Guåhan to make the proper legislative appropriation pursuant to § 51101(a) of this Chapter, the Tax Commissioner shall submit to I Liheslaturan Guåhan [Guam Legislature] on the 15th day of January each year a detailed budget request of itemized cost of allowable expenditure, for an appropriation from the earnings of the Trust Fund. All interest and investment earnings from the Trust Fund pursuant to § 51101(b) of this Chapter shall be exclusively expended for the following purposes:

(a)Notwithstanding other provisions of law, the Department of Revenue and Taxation is hereby authorized to either enter into contracts with temporary income tax returns processors (‘processors’), or to hire seasonal employees, as deemed necessary by the Tax Commissioner anytime during the period of filing dates established by the Internal Revenue Service for a period of not more than three

(3)months to process income tax returns.

(1)The Department of Revenue and Taxation shall prioritize the processing of income tax returns according to their filing date.

(2)The Department of Revenue and Taxation shall submit to I Liheslaturan Guåhan [Guam Legislature] a COL10312014 CH. 51 INCOME TAX REFUND EFFICIENT PAYMENT TRUST FUND ACT OF 2002 monthly report on the status of the income tax processing, which shall include the following:

(A)number of income tax returns processed;

(B)number of income tax refunds issued and the total dollar amount;

(C)number of income tax returns waiting to be processed;

(D)expected date of completion for the processing of income tax returns pending; and

(E)any other pertinent information.

(b)Proper training of employees hired pursuant to Subsection

(a)of this Section.

(c)Computers and other equipments necessary to quickly process the income tax returns.