(a) There is established in the Virgin Islands Waste Management Authority a separate and distinct fund to be designated the “Sewer Waste Water Fund” (hereinafter, the “Fund”). The Commissioner of Finance shall provide for the administration of the Fund and no monies contained therein shall be available for expenditure except as provided in this section.
(b) The Fund shall consist of all sums received under the user charge system established by Titles 19 and 33, Virgin Islands Code, all sums appropriated thereto from time to time by the Legislature, and all sums received from departments and agencies of the United States Government for the maintenance and operation of the public sewer waste water system.
(c) Monies deposited in the Fund shall be appropriated annually and disbursed by the Commissioner of Finance, at the direction of the Virgin Islands Waste Management Authority, for the operation, parts, supplies, maintenance, related expenses, control and regulation of the public sewer waste water system.
(d) The Commissioner of Finance shall forward quarterly to the Governor and the Legislature, a detailed accounting of the disbursements from the Fund and the unobligated balance thereof.