(a) There is hereby created and established in the Treasury of the Virgin Islands a special fund to be designated as the “Resource Recovery and Potable Water Revolving Fund” (herein referred to as the “Revolving Fund”).
(b) The Commissioner of Finance is directed to maintain and provide for the administration of the Revolving Fund as a separate and distinct fund in the Treasury, and no funds therein shall be available for expenditure except as provided in this section.
(c) The Revolving Fund shall be constituted of all revenues derived by the Department of Public Works from the sale of potable water produced by desalination facilities developed pursuant to Title 19, chapter 56A, Virgin Islands Code.
(d) Funds in the Revolving Fund shall be disbursed by the Commissioner of Finance, exclusively for expenditure by the Department of Public Works to satisfy the Government's obligation to pay service fees for the operation and maintenance of desalination facilities and solid waste disposal and resource recovery facilities developed pursuant to Title 19, chapter 56A, Virgin Islands Code. Any monies remaining in such Fund at the end of any fiscal year shall be retained in the Revolving Fund for purposes of maintaining the lowest possible cost to the water consumer.