A. There is created in the state treasury the “hazardous waste fund”, which shall be administered by the department. All balances in the fund are appropriated to the department for the sole purpose of meeting necessary expenses in the administration and operation of the hazardous waste program.

B. All fees collected pursuant to Section 74-4-4.2 N.M. Stat. Ann. shall be transmitted to the state treasurer for credit to the hazardous waste fund.