(a) The Comptroller shall establish the Hartford Sewerage System Repair and Improvement Fund. Said fund may contain any moneys required or permitted by law to be deposited in the fund and any funds received from any public or private contributions, gifts, grants, donations, bequests or devises to the fund. The moneys in said fund shall be expended by the Comptroller for the purposes of (1) developing and administering the program established pursuant to section 7-622, (2) providing compensation to the administrator appointed pursuant to section 7-622, (3) reimbursing the Metropolitan District of Hartford County and eligible applicants for costs associated with providing and hiring inspectors pursuant to section 7-622, and (4) providing compensation to any administrator hired pursuant to section 7-622.

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(b) The city of Hartford may contribute funds to the Hartford Sewerage System Repair and Improvement Fund established pursuant to this section.