The bill introduced by V. Anthony Ada, known as the CHamoru Land Trust Funds Protection Act, aims to enhance the protection of funds associated with the CHamoru Land Trust. It proposes the addition of a new section, 75A127, to Chapter 75A of Title 21 of the Guam Code Annotated. This new section stipulates that all funds and revenues under the jurisdiction of the CHamoru Land Trust will not lapse and will remain available for their intended purposes as authorized by Public Law or Administrative Rules and Regulations.

Furthermore, the bill specifies that these funds cannot be diverted for any other purposes unless explicitly authorized by Public Law. The provisions outlined in this section will take effect on September 30, 2026, ensuring that the financial resources of the CHamoru Land Trust are safeguarded against lapsing or misallocation.

Statutes affected:
Bill Text: