5 Guam Code Ann. § 221108
Current as of: 2023 | Check for updates
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(a) All monies deposited into the HAHS Fund shall be expended exclusively for the purposes enumerated in 5 Guam Code Ann. § 221003 and the general intent of this Act.
(b) The HAHS Fund, subject to legislative approval, may be invested or reinvested in bonds or in securities that are approved for the Retirement Fund, or according to modern investment practices of similar funds. The appropriations from the HAHS Fund received pursuant to § 221203 of Title 5 of the Guam Code Annotated shall be limited to fifty percent (50%) of the initial deposit from the proceeds of the sale for the first five (5) years. Thereafter, expenditures shall be limited to ninety percent (90%) of the earnings of the Fund.
SOURCE: Amended by P.L. 25-150:17; 26-003:6; 28-042:8.