(a) There is hereby created and established as a separate and distinct fund within the Treasury of the Virgin Islands a special fund to be designated and known as the “Adult Education Fund”. No funds shall be available for expenditure from the Adult Education Fund except as provided herein.
(b) All tuition fees paid by students attending evening courses offered pursuant to this chapter shall be deposited in the Adult Education Fund.
(c) The Commissioner of Finance shall disburse monies from the Adult Education Fund exclusively for use by the adult education program established by and conducted pursuant to sections 241 and 242 of this chapter, and only upon the authorization of the Commissioner of Education.