(1) There shall be established a fund to be known as the Universal Service Fund, which fund shall be managed by the Commission in accordance with regulations made by the Minister on the recommendation of ECTEL.
(2) Every telecommunication provider shall contribute to the Universal Service Fund.
(3) The Minister shall, by order, on the recommendation of ECTEL, specify the percentage of the gross revenue which a telecommunications provider referred to in subsection (2) shall contribute to the Universal Service Fund, except that the percentage to be contributed shall be the same for all providers.
(4) The Minister shall, on the recommendation of ECTEL, by order published in the Gazette specify which telecommunications provider in Saint Lucia is entitled to receive payments from the Universal Service Fund.