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Guam committee hears bill to release about $8.1 million owed to Guam Memorial Hospital
Summary
The Committee on Finance and Government Operations of the 30th Guam Legislature held a public hearing Oct. 27, 2025, on Bill 186-38 COR, an act to appropriate the unallotted balance of the pharmaceutical fund to the Guam Memorial Hospital Authority.
The Committee on Finance and Government Operations of the 30th Guam Legislature held a public hearing Oct. 27, 2025, on Bill 186-38 COR, an act to appropriate the unallotted balance of the pharmaceutical fund to the Guam Memorial Hospital Authority.
Senator Sabrina Salas Matanani, the bill's author, said the measure would not create new taxes or borrowing but would require the Department of Administration to release money already collected for the pharmaceutical fund. “For years, the law has said that a portion of the business privilege tax, 6.19%, goes into a special account called the pharmaceutical fund,” she said, and deposits have been capped…
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