Funding

The DOE, with the local public education institutions, namely, UOG and GCC, have each committed to the Initiative and agree to invest through the following sources:

(a)One Hundred Thousand Dollars ($100,000) shall be funded by the DOE and released by June 2016, and shall continue to be funded and released by June of each subsequent fiscal year for the sole purpose of supporting the Initiative’s objectives;

(b)Two Hundred Fifty Thousand Dollars ($250,000) shall be funded by the UOG and released by June 2016, and shall continue to be funded and released by June of each subsequent fiscal year for the sole purpose of supporting the Initiative’s objectives; and

(c)Two Hundred Thousand Dollars ($200,000) shall be funded by the GCC and released by June 2016, and shall continue to be funded and released by June of each subsequent fiscal year for the sole purpose of supporting the Initiative’s objectives.

(d)Financial contributions may also be made to the Fund by individuals, businesses, and organizations.

(e)Any amounts from Subsections (a),

(b)and

(c)not already funded from non-governmental sources shall be funded COL9192018 CH. 14 TEACHING AND LEARNING COMMUNITIES ACT AND FIRST GENERATION TRUST FUND INITIATIVE from the government of Guam respective budgetary appropriations to the GDOE, UOG, or GCC.