Bond Proceeds

All proceeds from the issuance of the Compact Impact Grant Anticipation Bonds in accordance with the provisions of this Article shall be credited to the Capital Infrastructure and Maintenance Fund to be used for the following purposes:

(a)Construction of public schools and collateral equipment $88,000,000.00 [(1) two

(2)high schools not to exceed $56,000,000.00;

(2)one

(1)middle school not to exceed $16,000,000.00; and

(3)two

(2)elementary schools not to exceed $16,000,000.00]

(b)Repairs & refurbishments [payments for the repairs and refurbishments of existing public schools.] $10,000,000.00

(c)Upgrade of DOC ACF $ 5,000,000.00 [construction of a new eighty-five

(85)bed facility and upgrades required to meet the U.S. Department of Justice mandates towards resolution of the Consent Decree.]

(d)replacement of CT Scan System [as established in the Guam Memorial Hospital Authority Ten-Year Capital Improvements Plan.]

(e)redesign and expansion of the emergency medical department [as established in the Guam Memorial COL4/6/2022 $ 1,000,000.00 $ 3,000,000.00 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS Hospital Authority Ten-Year Capital Improvements Plan.]

(f)establishment of an endoscopy suite [as established in the Guam Memorial Hospital Authority Ten-Year Capital Improvements Plan.]

(g)expansion or construction of health clinics [Department of Public Health and Social Services regional community health clinics.] $ 500,000.00 $ 2,000,000.00

(h)and any expenses relating to the authorization, sale and issuance of the bonds, including, without limitation, printing costs, costs of reproducing documents, credit enhancement fees, underwriting, legal, financial advisory and accounting fees and charges, fees paid to banks or other financial institutions providing credit enhancement, costs of credit ratings and other costs, charges and fees in connection with the issuance, sale and delivery of the bonds.