5 GCA § 221404: Bond Proceeds.

All proceeds from the issuance of the Compact Impact Grant Anticipation Bonds in accordance with the provisions of this Article shall be credited to the Capital Infrastructure and Maintenance Fund to be used for the following purposes:

(a) Construction of public schools and

collateral equipment $88,000,000.00

[(1) two (2) high schools not

to exceed $56,000,000.00;

(2) one (1) middle school not

to exceed $16,000,000.00; and

(3) two (2) elementary schools

not to exceed $16,000,000.00]

(b) Repairs & refurbishments $10,000,000.00

[payments for the repairs and

refurbishments of existing public

schools.]

(c) Upgrade of DOC ACF $ 5,000,000.00

[construction of a new eighty-five (85)

bed facility and upgrades required to

meet the U.S. Department of Justice

mandates towards resolution of the

Consent Decree.]

(d) replacement of CT Scan System $ 1,000,000.00

[as established in the Guam Memorial

Hospital Authority Ten-Year Capital

Improvements Plan.]

(e) redesign and expansion of the

emergency medical department $ 3,000,000.00 [as established in the Guam Memorial

Hospital Authority Ten-Year

Capital Improvements Plan.]

(f) establishment of an endoscopy suite $ 500,000.00 [as established in the Guam Memorial

Hospital Authority Ten-Year Capital

Improvements Plan.]

(g) expansion or construction of health

clinics $ 2,000,000.00 [Department of Public Health and

Social Services regional community

health clinics.]

(h) and any expenses relating to the authorization, sale and issuance of the bonds, including, without limitation, printing costs, costs of reproducing documents, credit enhancement fees, underwriting, legal, financial advisory and accounting fees and charges, fees paid to banks or other financial institutions providing credit enhancement, costs of credit ratings and other costs, charges and fees in connection with the issuance, sale and delivery of the bonds.