(a) For the purpose of the funding of the healthcare projects described in title 33, chapter 111, section 3100b(c), Virgin Islands Code, the Government may sell to the Corporation all of the Government's right, title, and interest in and to the Master Settlement Agreement, including all the moneys, and any interest thereon, payable to or received by the Government thereunder except for the payments which have been received by the Government prior to February 1, 2001, in exchange for a cash payment in the amount of net sales proceeds of the Bonds and the Residual Bond, if any.
(b) Subject to the authorization and restrictions of this chapter, the terms and conditions of the Purchase Agreement shall be determined by the Governor, which determination shall be conclusively evidenced by his execution of the Purchase Agreement. The Governor may execute and deliver any administrative or other documents or agreements that are necessary or desirable relating to the sale of the Government's rights, title, and interests in certain payments received or to be received by the Government under the Master Settlement Agreement or in connection with the issuance of the Bonds. Proceeds from the sale of the Bonds and other moneys received by the Corporation pursuant to the Purchase Agreement will be used to fund the healthcare projects as described in title 33, section 3100b(c), Virgin Islands Code, as well as to pay capitalized interest and costs of issuing of the Bonds, to establish and fund reserve funds, and to pay other expenses and fees related to the issuance of the Bonds. The net proceeds from the sale of Bonds to be used to fund such healthcare projects shall be deposited in the Tobacco Settlement Health Care and Capital Improvement Fund established by title 33, section 3100b, Virgin Islands Code. In no event shall amounts in the Fund be available or be applied for payment of the Bonds or any claim against the Corporation or any debt or obligation of the Corporation.