Recycling Revolving Fund

There is hereby created the Recycling Revolving Fund (Fund), which shall be non-lapsing and maintained separate and apart from any other funds, including the General Fund of the government of Guam, and independent records and accounts shall be maintained thereof. The Recycling Revolving Fund shall not be commingled with the General Fund and shall be kept in a separate bank account. All revenue generated from recycling fees collected pursuant to this Article, including interest earned, shall be deposited into the Recycling Revolving Fund and shall be expended exclusively for the purposes authorized in Article 3 of Chapter 51 of Title 10, Guam Code Annotated. All monies in the Recycling Revolving Fund are hereby CH. 51 SOLID WASTE MANAGEMENT AND LITTER CONTROL appropriated, and shall continue to be deemed appropriated, to the Guam Environmental Protection Agency to be expended in accordance with this Article. The Administrator of Guam Environmental Protection Agency shall present the budget to the GEPA Board of Directors and the expenditures shall be reported quarterly to I Liheslaturan Guåhan. The funds deposited into the Recycling Revolving Fund shall not be subject to the transfer authority of I Maga’hågan/Maga’låhen Guåhan.