(a) All fines, penalties and bond forfeitures collected under the provisions of this act shall be paid into the Treasury of the Commonwealth into a special fund to be known as the “Solid Waste Abatement Fund” hereby established. The Solid Waste Abatement Fund shall be administered by the department for abatement or elimination of present or potential hazards to human health or to the environment from the improper treatment, transportation, storage, processing, or disposal of solid wastes, and for the enforcement of this act.

(b) All such moneys placed in the Solid Waste Abatement Fund under the provisions of this section are hereby made available immediately, and are hereby specifically appropriated to the department for the purposes specified in this section.

(c) Estimates of the amounts to be expended under this act shall be submitted to the Governor for his approval or disapproval.