Rates, Fees and Charges; Refunds

(a)Notwithstanding any provision of law or regulation to the contrary, the Department is authorized to establish and modify from time to time, with prior approval by the Public Utilities Commission, reasonable rates, fees and charges for solid waste services at least adequate to cover the full cost of such services, including the costs of debt service for capital improvements of permitted solid waste facilities, and to collect money from all users or customers, and to refund charges collected in error. Rates, fees and charges may be collected before or after the provision of the service for which they are charged.

(b)Except to the extent otherwise permitted or required by an indenture pursuant to which bonds are issued, rates, fees and charges, together with other moneys made available to the Department for such CH. 51A GUAM SOLID WASTE AUTHORITY purposes, shall at all times be fixed to yield annual revenue of the system at least equal to the sum of annual principal payments and interest charges on all bonds then outstanding, all coverage and reserve fund requirements relating to such bonds, any obligations undertaken pursuant to Article 9 of this Chapter, and the annual system operation and maintenance costs.

(c)An indenture, lease or contract of indebtedness may provide for payment from revenue of the system of refunds of rates and charges that are collected in error and that are refundable by the Department.