The Director of Parks and Recreation (the Director) shall be the custodian of the Fund and may deposit monies collected therein in one (1) or more local banks. The Director is authorized to draw monies from the Fund, at the request of the Commission, for the development, improvement or maintenance of the Territorial park System under the jurisdiction of the Department, for recreational facilities, or for on-island sports programs and to underwrite the cost of implementing the recreational on-island sports programs established by the Department, not to exceed Twenty-Five Thousand Dollars ($25,000) for any one project or program. No monies from the Fund shall be used for off-island travel. The existing Recreation Activity Revolving Fund rules and regulations that are not in conflict with § 77114, § 77114.1 and § 77114.2 of this Chapter shall remain in effect. The Commission shall submit, no later than January 31st of each year, an annual
audited financial statement of the Fund to the Governor and to the Legislature. SOURCE: Added as GC § 26012.2 by P.L. 21-105:3. Amended to give Director of Parks & Recreation control over Fund by P.L. 22-29:5 (1993). § 77114.3 Guam Beautification Fund. There is established a fund to be known as the Guam Beautification Fund which shall be maintained separate from any other funds of the government of Guam. Independent records and accounts shall be maintained by the Department of Administration in connection therewith. Twenty-five percent (25%) of assessments, fines, bail forfeitures and other funds collected or received pursuant to § 51204 of Title 10, Guam Code Annotated, and subject to the conditions of § 40115 of Title 5, Guam Code Annotated, shall be deposited in the Guam Beautification Fund and used for landscaping, for planting of grass, shrubs, trees and flowers, for other improvements to public recreational areas or other public lands, for clean-ups, for anti-littering, recycling educational research, and for assisting with recycling efforts. SOURCE: Added as GC § 26012.1 by P.L. 21-128:5. Amended by P.L. 36-061:7 (Oct. 18, 2021).