(a) The position of Chief Financial Officer is established within the Guam Memorial Hospital Authority. The Chief Financial Officer shall meet the following minimum qualifications:

(1) possession of a Certified Public Accountant (CPA) certificate in the United States and a Bachelor’s Degree in Health Services Management (HSM) or health related work experience, plus one (1) year supervisory experience; or

(2) graduation from a recognized college or university with a Master’s Degree in accounting, finance, economics, business administration or a related field, plus four (4) years experience as an administrator for general accounting and fiscal services of which one (1) year must be management-level fiscal experience in a hospital or health care facility; or

(3) graduation from a recognized college or university with a Bachelor’s Degree in accounting finance, economics, business administration or a related field, plus five (5) years as an administrator responsible for general accounting and fiscal services of which two (2) years must be management-level fiscal experience in a hospital or health care facility; and

(4) shall have experience in negotiating contracts with external parties, including third party payers, vendors, insurance carriers and other contracting parties.

(b) The Chief Financial Officer shall report directly to the Hospital Administrator. The Hospital Administrator shall hire the Chief Financial Officer by direct employment as an unclassified employee of the government of Guam, or by personal services contract, as is deemed necessary by the Hospital Administrator to attract and retain a qualified Chief Financial Officer. The Chief Financial Officer’s duties and compensation shall be determined by the Hospital Administrator, in consultation with the Board of Trustees.

COL292017
10 Guam Code Ann. HEALTH AND SAFETY
CH. 80 GUAM MEMORIAL HOSPITAL AUTHORITY

SOURCE: Added as uncodified law by P.L. 25-150:13 (July 7, 2000). Codified by Compiler as 10 Guam Code Ann. § 80107.1. Amended by 29-014:3 (Sept. 7, 2007). Repealed and added by P.L. 30-190:1 (Aug. 28, 2010).

2013 NOTE: This section was originally codified from GC § 49009, entitled,
“”Contracts and Purchases.”” Subsection (d) amended by P.L. 16-098:7 (July 2,
1982). Codified as 10 Guam Code Ann. § 80111. Repealed by P.L. 16-124:23 (Dec. 29, 1982).

NOTE: P.L. 28-068:42 (Sept. 30, 2005) transferred duties and responsibilities assigned to the Civil Service Commission to the Director of Administration, effective January 1, 2006 pursuant to P.L. 28-068:47 and 48.