(a) The Lieutenant Governor is authorized to negotiate for and purchase, from time to time, loose-leaf binders in such form and quantities as he directs, to be used for the purpose of containing copies of the Virgin Islands Register provided for in subchapter IV of this chapter.
(b) The Governor of the Virgin Islands shall prescribe the manner in which the loose-leaf binders provided for in this section shall be distributed free of charge to the Legislature and to the Executive and Judicial Branches of the Government, and shall fix the prices at which they may be sold to the general public. The proceeds from such sales shall be remitted to the Commissioner of Finance and covered by him into the General Fund of the Treasury.