TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION
§1995
§ 1995. Special Gross Revenues from Qualifying Construction GRQC Account. (a) The Secretary of Finance shall establish a special Gross Revenues from Qualifying Construction (GRQC) account separate from the General Fund. The funds in the GRQC account shall not be subject to fiscal year limitation and shall be used for the implementation and enforcement of this Chapter. (b) All revenues raised pursuant to this Chapter shall be deposited into the General Fund, except: (i) ten percent shall be deposited in the special (GRQC) account established by this Section, for appropriation by the Legislature as follows: (1) twenty percent of the (GRQC) funds shall be appropriated for implementation and enforcement of this Chapter and customs activities as follows: (A) 2.5% shall be appropriated each to the First and Second Senatorial District to the municipal Department of Finance, under the expenditure authority of the respective Resident Department Head; and (B) 15% shall be appropriated to the Third Senatorial District to the CNMI Department of Finance, under the expenditure authority of the Secretary of Finance. (2) eighty percent of the (GRQC) funds shall be appropriated for road maintenance, solid waste, and environmental protection purposes in the First, Second and Third Senatorial Districts as follows: (A) 15% shall be appropriated each to the First and Second Senatorial District to the municipal Department of Public Works, under the expenditure authority of the respective Resident Department Head; and (B) 50% shall be appropriated to the Third Senatorial District to the CNMI Department of Public Works, under the expenditure authority of the Secretary of Public Works. Source: PL 23-31, § 2 (Jan. 10, 2025); amended by PL 24-30, § 7 (Mar. 27, 2026).