(a) There is hereby established, The Kenneth Harrigan Scholarship for teacher education to be awarded annually to a minimum of two male graduates from a high school in the Virgin Islands who plan to attend college and pursue a degree in early childhood, elementary or secondary education in any curriculum area (other than physical education) which meets the academic requirements for teacher certification in the Virgin Islands.
(b) The Kenneth Harrigan Scholarship shall be administered by the Virgin Islands Board of Education pursuant to rules and regulations established by the board. The board, upon review of all applicants, shall select the recipients of the scholarship.
(c) Each year, one male student from the district of St. Thomas-St. John and one from the district of St. Croix shall be awarded $3,500 per semester for eight (8) semesters.
(d) Any person granted a scholarship under the provisions of this section shall be required, as a prior condition to such grant, to execute a proper contract to the effect that he will accept employment with the Government of the United States Virgin Islands for as many years or portion thereof as the person shall have pursued education and training under such scholarship.
(e) Notwithstanding any other provision of law, for the 1996–97 school year, the Board of Education shall utilize monies to fund the scholarship established in subsection (a) hereof, out of those funds which the board currently utilizes for general scholarship for undergraduate study.
(f) There is authorized to be appropriated during each fiscal year such sums as the Legislature may determine for deposit in the Kenneth Harrigan Scholarship. Upon appropriation, the sums shall remain available until expended.