Revenue Account

All revenue of the system and, to the extent provided by an indenture or by Article 9 of this Chapter, the Section 30 revenue, shall be deposited to the credit of the applicable subaccount of the Revenue Account, which account is hereby created within the Solid Waste Operations Fund. The money in such subaccounts may be used for any of the following purposes in the order of priority set forth in any indenture as provided in Title 10, Guam Code Annotated, § 51A811(j) or any lease or lease-back as provided in Article 9 of this Chapter:

(a)to pay principal or interest on any bonds or any other obligations of the Department;

(b)to pay amounts due and owing under any lease or lease-back entered into pursuant to Article 9 of this Chapter;

(c)to pay any amounts due and owing under any credit provider reimbursement agreement;

(d)to pay the annual system operation and maintenance costs; and

(e)for any other purposes of the system, as provided in any indenture or indentures and subject to any restrictions provided by law or any indenture.