(a) International fuel tax agreement clearing fund. — All amounts collected under the international fuel tax agreement shall be deposited daily by the Tax Commissioner into the international fuel tax agreement clearing fund which is hereby created in the State Treasury.
(b) Distributions. — The Tax Commissioner shall distribute funds in the international fuel tax agreement clearing fund as follows:
(1) Payments due and owing to member jurisdictions under the international fuel tax agreement shall be distributed as provided in the agreement.