Financial Plan Required

GEDA shall prepare a financial plan in accordance with the following:

(a)At a minimum, the financial plan shall include a comprehensive report of the associated costs and sources of revenues required for the duration of the Department of Corrections Modernization Act of 2021 (Project). The financial plan should reflect the total Project cost and any phases that represent the Project development priorities. All anticipated Project revenues shall be matched and allocable to the anticipated Project costs and shall detail its impact on the overall debt ceiling.

(b)The financial plan shall be submitted to I Magaʹhågan Guåhan and transmitted to the Speaker of I Liheslaturan Guåhan. No solicitation of Request For Proposal or invitation for bid authorized to effectuate the requirements of this Act may be issued until the financial plan is delivered to the Speaker of I Liheslaturan Guåhan. ---------- COL11/30/2021