(a) Establishment. There is hereby created, separate and apart from other funds of the government of Guam, a fund known as the Guam Ocean and Fisheries Conservation and Development Fund (hereinafter GOF Conservation and Development Fund). The GOF Conservation and Development Fund shall not be commingled with the General Fund and shall be kept in a separate bank account. Monies from donations, grants, and other amounts as may be authorized by law shall be deposited in the GOF Conservation and Development Fund and shall be expended by I Liheslaturan Guåhan exclusively for purposes authorized in Subsection (b) of this Section.

(b) Uses. The GOF Conservation and Development Fund shall be used to fund the following:

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(1) the development and construction of boat ramps in northern and southern Guam. The Council shall formulate plans for the development, construction, maintenance, and operation of a boat ramp in northern Guam in the village of Yigo, and a boat ramp in southern Guam in the village of Talofofo, for use by first responders and emergency personnel and the general public. Such plans shall include, but not be limited to, site identification, costs, engineering, and design. No later than April 1, 2017, the Council shall submit its preliminary plans and recommendations for the development and construction of the northern and southern boat ramps to I Maga’låhen Guåhan and I Liheslaturan Guåhan;

(2) research and development related to the conservation of ocean resources, coral reefs, freshwater rivers, lakes, and ponds in Guam;

(3) research and development related to the regulation and conservation of fish and other wildlife in Guam’s marine and fresh waters;

(4) marina improvement, moorings, maintenance, and related projects;

(5) the creation, improvement or beautification of access paths to shore-side resources;

(6) funding for mitigation of surface and storm water runoff and erosion in compliance with applicable laws;

(7) funding of public activities in support of marine activities;

(8) funding assistance for community-related marine facilities;

(9) funding assistance for activities related to the preservation and perpetuation of Guam’s indigenous Chamorro culture and heritage as it relates to ocean, fisheries, and other marine-related aspects;

(10) funding for staffing, office expenses, and other activities in support of the mission of the Council; and

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(11) other similar funding priorities as identified by I Liheslaturan Guåhan.

(c) Expenditures. All expenditures of the GOF Conservation and Development Fund shall be made exclusively by appropriation of I Liheslaturan Guåhan. The GOF Conservation and Development Fund shall not be used for any purposes other than those enumerated or reasonably inferred hereunder, or for purposes other than those relating to ocean, fisheries, and other marine and freshwater related matters. The GOF Conservation and Development Fund shall not be used as a pledge of security or as collateral for government loans without prior authorization by I Liheslaturan Guåhan.

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