Transition

(a)Sixty

(60)days after this Act shall become law, any and all powers previously held by the Bureau of Budget and Management Research (‘BBMR’), and any other agency, council, board, office, officer or instrumentality of the government of Guam, or any public corporation, including, but not limited to, the Department of Administration, the Department of Agriculture, the Council on the Arts and Humanities, I Dipattamenton I Kaohao Guinahan Chamorro [Department of Chamorro Affairs], the Department of Public Health and Social Services, the Guam Behavioral Health and Wellness Center, the Guam Housing and Urban Renewal Authority, the Guam Economic Development and Commerce Authority, the Guam Health Coordinating Council, and the Hagåtña Restoration and Development Authority, with regard to the application for, receipt, disbursement, administration, oversight and review of any Federal aid programs, grants, loans, contracts, contributions, advances, direct Federal development, and other Federal funding sources for Guam, shall cease and shall thereupon be assumed by the Guam State Clearinghouse.

(b)Not later than sixty

(60)days after this Act shall become law, all agencies, departments, councils, boards, divisions, offices or instrumentalities of the government of Guam, and all public corporations, shall submit to I Segundu Na Maga’lahi [the Lieutenant Governor] a full and complete listing of all existing Federal aid programs, grants, loans, contracts, contributions, advances, direct Federal development, and any other Federal funding sources over which each respective agency, department, COL8/13/2020 CH. 2 LIEUTENANT GOVERNOR council, board, division, office, public corporation or instrumentality has been involved in overseeing, administering or reviewing. Each such agency, department, division, office, public corporation or instrumentality shall render its full cooperation and assistance to I Segundu Na Maga’lahi [the Lieutenant Governor] to facilitate the transfer of authority over such programs, grants, loans, contracts, contributions, advances, direct Federal development and any other Federal funding sources to the Guam State Clearinghouse.