(a) All monetary contributions shall be promptly deposited in a financial depository duly authorized to do business on Guam, such as a bank, savings and loan institution, industrial loan company, or similar financial institution, in the name of the candidate, committee, or political party, whichever is applicable.

(b) Each candidate, committee, or political party shall establish and maintain an itemized record showing the amount of each monetary contribution, the description and value of each nonmonetary contribution, and the name and address of each donor making a contribution of more than One Hundred Dollars ($100.00) in value, except funds and contributions which may be reported in the aggregate as indicated in § 17111(b).

(c) Each candidate and campaign treasurer shall report the amount and date of each contribution and the name and address of each donor who makes a contribution or contributions whose value is more than One Hundred Dollars ($100.00).

(d) No candidate, committee or party may accept a contribution of more than Two Hundred Fifty Dollars ($250.00) in cash from a single person without issuing a receipt to the donor and keeping a record of the transaction.

(e) Each candidate and political party shall disclose the original source of all earmarked funds, the ultimate recipient of the earmarked funds, and the fact that the funds are earmarked.

(f) For purposes of this Section, “”earmarked funds”” means contributions received by a committee or party on the condition that the funds be contributed to or expended only on certain candidates, issues, or questions.

SOURCE: Added by P.L. 18-030:54 (Feb. 19, 1986) as 3 Guam Code Ann. § 19107. Repealed and reenacted to this section by P.L. 31-255:2 (Dec. 11, 2012).