(a) There is established in the Virgin Islands Waste Management Authority, a fund to be known as the Solid Waste Revolving Fund (hereinafter the “Fund”). The Commissioner of Finance shall provide for the administration of the Fund as a separate and distinct fund in the Virgin Islands Waste Management Authority.
(b) The Fund shall consist of all sums appropriated thereto by the Legislature of the Virgin Islands, and all funds authorized by law or regulation to be collected by the Virgin Islands Waste Management Authority for solid waste disposal.
(c) Monies in the Fund shall be disbursed by the Commissioner of Finance upon authorization by the Virgin Islands Waste Management Authority for the maintenance of solid waste disposal sites.
(d) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Solid Waste Revolving Fund and shall report annually to the Governor and the Legislature on the status of the fund.