21 GCA § 60114.2: Deposit of Funds Collected.

All taxes identified in § 60114.1 shall be divided equally and deposited in the Guam Ancestral Lands Commission (GALC) “Land Bank Fund” and the Chamorro Land Trust Commission (CLTC) “Chamorro Home Development Fund” for the development of infrastructure improvements on land trust residential and agricultural lands. Both Commissions shall report on a quarterly basis to the Speaker of I Liheslaturan Guåhan of the revenues collected and expended from each fund and post the same on each Commission’s website. The funds shall be subject to periodic audits by the Guam Public Auditor.