1. The Account to Finance the Construction of Treatment Works and the Implementation of Pollution Control Projects is hereby created in the Fund for Water Projects Loans, which is hereby created as an enterprise fund.
2. The money in the Account must be used only for the purposes set forth in 33 U.S.C. §§ 1381 et seq.
3. All claims against the Account must be paid as other claims against the State are paid.
4. The faith of the State is hereby pledged that the money in the Account will not be used for purposes other than those authorized by 33 U.S.C. §§ 1381 et seq.