The bill, introduced by Sabrina Salas Matanane, aims to amend Chapter 58 of Title 12 of the Guam Code Annotated by adding new provisions to establish rebate caps beginning in January 2027, in relation to Public Law 38-27. Specifically, it introduces a new section 58128.8(b)(5) that clarifies the definition of "federal share" as the actual federal dollars received for the Medicaid program, and stipulates that these funds will not be used for rebate payments. Additionally, a new section 58128.8(i) is added to exempt the provisions of 58128.8 from other requirements in Chapter 58, including those that would necessitate signatory approval from the Governor, unless explicitly stated within 58128.8.

Furthermore, the bill establishes a cap on rebate payments by the Government of Guam, limiting them to $5 million annually starting in the 2027 tax year, with disbursements made on a first-come, first-served basis to eligible applicants. The Guam Economic Development Authority is tasked with notifying the legislature if rebate requests exceed the allocated amount. The bill includes a severability clause to ensure that if any part of the Act is found invalid, the remaining provisions will still be enforceable.

Statutes affected:
Bill Text: