Fund Structure and Administration

(a)There is hereby established the Seventy-fifth

(75th)Guam Liberation War Claims Fund (Fund), which shall be administered by the Department of Administration.

(b)The purpose of the Fund is to receive deposits to pay for certified claims to Compensable Guam Victims, as defined in Section 1704(c)(2) of U.S. Public Law 114-328, by the Foreign Claims Settlement Commission, as referenced in Section 1705 of U.S. Public Law 114-328.

(c)I Maga’hågan/Maga’låhen Guåhan is authorized to transfer such sums as are available from the General Fund to pay adjudicated claims as of the passage of this Act from the General Fund appropriations contained within Public Law 34-116 and Public Law 35-036 for the purposes outlined in Subsection

(d)of this Section.

(d)Any funds transferred to the Fund shall only be used to pay Compensable Guam Victims with certified claims by the Foreign Claims Settlement Commission and such use shall be consistent under a Memorandum of Agreement between the Guam Department of Administration and the U.S. Department of the Treasury. This Fund shall be exempt from I Maga’håga/Maga’låhi’s transfer authority; and, any funds remaining shall be subject to legislative appropriation.

(e)All money reimbursed to the Government of Guam for payment of claims as authorized in Subsection

(d)of this Section shall be deposited in the Fund.

(f)The Department of Administration and the Bureau of Budget and Management Research shall submit a report every six

(6)months to I Liheslaturan Guåhan and I Maga’hågan/Maga’låhen Guåhan on the status of payments and reimbursements to Compensable Guam Victims pursuant to this Article until all payments and reimbursements of claims are exhausted. Information provided by the United States Government to the Government of Guam concerning the identity of war survivors and their application for war claims shall be protected and shall not be part of the public record.