(a) There is created and established in the Treasury of the Virgin Islands a special fund to be designated and known as the Virgin Islands Crime Stop Fund (hereinafter in this section referred to as the “Fund”). The Commissioner of Finance shall maintain and provide for the administration of the Fund as a separate and distinct fund in the Treasury and no money shall be available for expenditure from the Fund, except as provided by law.
(b) There is authorized to be appropriated to and deposited in the Fund such sums each year from the General Fund of the Treasury of the Virgin Islands as are determined necessary by the Legislature, upon recommendation of the Governor, to carry out the provisions of this chapter. The Fund shall consist of all monies appropriated thereto pursuant to this chapter.
(c) Monies shall be disbursed from the Fund by the Commissioner of Finance, upon the joint authorization of the Police Commissioner and the Attorney General for the purpose of paying rewards pursuant to the provisions of this chapter.
(d) The Commissioner of Finance shall maintain a detailed accounting record of all monies deposited into and disbursed from the Fund, and he shall semi-annually report on the financial status of the Fund to the Governor and the Legislature, which report shall include the amount of each disbursement from the Fund together with the name and address of the person to whom each such disbursement was made.