Public School Library Resources Fund

There is hereby created, separate and apart from other funds of the government of Guam, a non-lapsing, revolving fund known as the Public School Library Resources Fund (Fund). The Fund shall not be commingled with the General Fund and shall be kept in a separate bank account and administered by the Guam Education Board. Seventy percent (70%) of monies deposited into the Fund shall be appropriated to the public school libraries and thirty percent (30%) to the Guam Public Library System. Monies appropriated from the Fund shall be exclusively used for enhancement of learning resources and technology within the public school libraries and Guam public libraries, including, but not limited to, the purchase of computer equipment for the direct use of students, resources, subscriptions, periodical materials and other library supplies and materials that directly benefit the students.