There is hereby established a Fund to be known as the Aboveground Storage Tank Management Fund, hereinafter referred to as the AST Fund, a non-lapsing, revolving fund which shall be maintained separate and apart from any other funds of the government of Guam.

(a) All fees, reimbursements, assessments, fines, forfeitures, and other funds collected or received pursuant to this Chapter, shall be deposited in the AST Fund and shall not lapse at the end of the fiscal year, but shall rollover into the next fiscal year or until expended. Independent records and accounts shall be maintained in connection therewith. The AST Fund shall be kept in a bank licensed to do business on Guam, and funds shall be paid out only upon a request for payment or requisition submitted by the Administrator. All monies in the AST fund are hereby appropriated to the Agency to be expended in accordance with this Chapter, and are not subject to I Maga’låhi’s transfer authority. The Administrator shall comply with all existing reporting requirements by issuing a quarterly account of the AST Fund to I Maga’låhi, I Liheslaturan Guåhan, and the Office of Public Accountability. The Administrator shall ensure that the AST Fund is in compliance with all existing statutes, rules and regulations, codes, executive orders, and any other authority that is applicable to the Agency, and the use of the funds in the AST Fund pursuant to this Chapter.

(b) The Administrator shall administer the AST Fund and make disbursements from the Fund:
(1) to fund actions authorized by § 76213 of this Chapter; (2) to train Agency employees in the regulation of ASTs,
and the response to release of regulated substances from ASTs; or

(3) to fund the administration and implementation of this Chapter, including, but not limited to, purchase of equipment, supplies, public outreach, trainings/conferences, and payment of personnel costs and service contracts arising from the enforcement of this Chapter.