Fund

(a)There is hereby established a fund to be known as the “Guam Waterworks Authority Wastewater Fund”, which fund shall be maintained separate and apart from any other funds of the government of Guam, and independent records shall be maintained in connection therewith.

(b)All monies received by the Agency from homeowners in payment of sewer connection line or Type 2 toilet facilities installation charges shall be deposited with the Treasurer of Guam and credited to the Fund and applied to the account of each homeowner making payment.

(c)All debts, liabilities, obligations, operating expenses and installation costs and expenses arising from the installation of connecting lines or Type 2 toilet facilities pursuant to the provisions of this Chapter are hereby authorized to be paid from said Fund by the Treasurer of Guam upon vouchers properly certified to by the Certifying Office of the Agency.

(d)The Chief Officer of the Agency shall quarterly render to Maga’håga/Maga’låhi a statement reflecting the financial condition of the Fund.