AN ACT TO APPROPRIATE THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000) FROM FISCAL YEAR 2025 GENERAL FUND REVENUES COLLECTED IN EXCESS OF THE ADOPTED LEVELS ENUMERATED IN PUBLIC LAW 37-125 TO THE GUAM PRESERVATION TRUST FOR THE PURPOSE OF THE REHABILITATION OF THE HISTORIC FRANCISCO Q. SANCHEZ ELEMENTARY SCHOOL PROPERTY.

38th Guam Legislature

One-time $3,500,000 from FY2025 General Fund surplus to Guam Preservation Trust to rehabilitate the historic Francisco Q. Sanchez Elementary School property.

Overview

Bill B 40-38 proposes a one-time appropriation of $3,500,000 from the FY 2025 General Fund, specifically from revenues collected in excess of the adopted levels enumerated in Public Law 37-125. The funds would be allocated to the Guam Preservation Trust for the rehabilitation of the historic Francisco Q. Sanchez Elementary School property.

Key Provisions

Allocation amount: $3,500,000.

Source of funds: FY 2025 General Fund revenues that exceed the adopted levels established in Public Law 37-125.

Recipient: Guam Preservation Trust.

Purpose: Rehabilitation of the historic Francisco Q. Sanchez Elementary School property.

Effective date and terms: The text provided does not specify a start date, sunset, or repayment/match requirements; those details would be determined by the bill’s full language and any accompanying fiscal notes.

Fiscal and Economic Impact

Type of appropriation: One-time funding from surplus General Fund revenues for FY 2025.

Budgetary implications: Increases the Guam Preservation Trust’s ability to undertake rehabilitation work on a historic property; reduces the available surplus General Fund amount referenced in Public Law 37-125 by $3.5 million, assuming the revenues excess is realized as projected or actual.

Ongoing obligations: The bill text here does not indicate ongoing obligations or annual funding beyond the specified appropriation.

Affected Parties

Primary beneficiary: Guam Preservation Trust, which would manage or oversee the rehabilitation project.

Property involved: The historic Francisco Q. Sanchez Elementary School property, whose rehabilitation would be the project focus.

Potential secondary effects: Preservation and community redevelopment interests could benefit from improved historic-site facilities; potential implications for local contractors, vendors, and preservation-related programs.

Procedural and Timeline Aspects

Introduced: November 27, 2025.

Status: Not specified in the provided information.

Next steps (typical legislative path): If advanced, the bill would usually go to a committee for hearings and amendments, followed by floor consideration and potential conference actions, subject to legislative calendars and votes.

Notes and Considerations

The summary reflects only the information provided. The full bill text would clarify any oversight provisions, reporting requirements, procurement rules, matching funds, or conditions tied to the use of the funds.

Readers should monitor for committee reports, fiscal notes, and floor amendments to understand any qualifiers, sunset clauses, or matching requirements that may accompany the appropriation.

If you’d like, I can tailor this summary to emphasize fiscal risk, procurement considerations, or preservation-specific implications once the full bill text or committee analyses are available.

Bill