Access to Funds, established

Following the approval of a resolution by the Board of Directors of the Guam Visitors Bureau containing:

(a)a statement of facts that a natural or man-made disaster has occurred on Guam, or certain external economic conditions have been experienced;

(b)a recitation of the activities to be undertaken to mitigate the potential harm to Guam’s tourism industry; and

(c)insufficient funds are available for such activities within the current fiscal year’s operating budget; up to fifty percent (50%) of the Fund’s balance may be made available to the Guam Visitors Bureau for each such occurrence. If the activities to be undertaken require funding greater than the amount available, the Guam Visitors Bureau shall immediately notify I Liheslaturan Guåhan of their need for additional funding assistance, and seek the approval of legislation to expend more than the fifty percent (50%) authorized herein.