The program manager of the Guam College Savings Program shall file a report annually with the Department of Revenue and Taxation, setting forth the names and identification numbers of account owners, designated beneficiaries, and distributees of college accounts, the amounts contributed to the accounts, the amounts distributed from the accounts, whether the distributions were qualified withdrawals or nonqualified withdrawals, and any other information that the Commissioner may require regarding the taxation of amounts contributed to or withdrawn from the accounts.

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COL021307