(a) The Division of Parks shall have the power to charge reasonable fees, rentals or charges for the use or operation of facilities and concessions in areas, parks and beaches under its jurisdiction, and all such fees, rentals and charges so collected shall be deposited in the Treasury to the credit of the “Territorial Park Fund”, which is hereby created, the continuing balance of which Fund is specifically designated to be expended by said Division for the administration, improvement and maintenance of parks, beaches and areas under the jurisdiction of the Division, and for the acquisition and development of lands hereafter acquired for park and recreational purposes. The said Fund, and the fund created pursuant to subsection (b) of this section, shall be continuing, and shall not revert to the General Fund at the end of any fiscal year or at any other time but shall, until expended, be continually available to said Division for the uses and purposes set forth.
(b) Any moneys received in trust by the Division by gift, devise, appropriation or otherwise shall, subject to the terms of such trust, be deposited with the Department of Finance in the “Territorial Park Trust Fund”, which is hereby created and shall be subject to withdrawal upon application of said Division for expenditure or investment in accordance with the terms of said trust. Unless prohibited by the terms of the trust by which said moneys are derived, all of such moneys may be invested as provided by law.