(a) The Commissioner of Property and Procurement may—
(1) acquire from the United States of America such property, including equipment, materials, books, or other supplies under the control of any department or agency of the United States of America as may be usable and necessary for public works, educational and public health purposes, including research;
(2) warehouse such property; and
(3) distribute such property to public hospitals, clinics, health centers, schools and public works agencies within the Virgin Islands, and to other non-profit medical institutions, hospitals, clinics, health centers and schools which have been held exempt from taxation under section 501(c) of the United States Internal Revenue Code of 1954, within the Virgin Islands.
(b) For the purpose of executing his authority under this chapter, the Commissioner of Property and Procurement may adopt, amend, or rescind such rules and regulations as may be deemed necessary with the approval of the Governor; and take such other action as is deemed necessary and suitable in the administration of this chapter.
(c) The Commissioner may take such action, make such expenditures and enter into such contracts, agreements and undertakings for and in the name of the Virgin Islands, require such reports and make such investigations as may be required by law or regulation of the United States of America in connection with the receipt, warehousing, and distribution of property received by the Commissioner from the United States of America; provided, however, that the Governor shall submit to the Legislature for its approval any proposed cooperative agreement, contract, or other instrument of commitment between the Government of the Virgin Islands and the Government of the United States pertaining to the use of a Federal building or other Federal structure to be acquired by the Government of the Virgin Islands after April 1, 1977. No funds shall be committed or expended by any official of the Government of the Virgin Islands which would cause such Federal building or other Federal structure to be renovated, improved, remodelled, or otherwise structurally altered in a manner inconsistent with the use or uses approved by the Legislature through such cooperative agreement, contract, or other instrument of commitment.
(d) The Commissioner may—
(1) act as a clearing house of information for the public and private non-profit institutions and agencies referred to in subsection (a) of this section;
(2) locate property available for acquisition from the United States of America;
(3) ascertain the terms and conditions under which such property may be obtained;
(4) receive requests from the above-mentioned institutions and agencies and transmit to them all available information in reference to such property; and
(5) aid and assist such institutions and agencies in every way possible in the consummation or acquisition or transactions hereunder.
(e) In the administration of this chapter, the Commissioner shall cooperate to the fullest extent consistent with the provisions of the chapter, with the department or agencies of the United States of America and shall make such reports in such form and containing such information as the United States of America, or any of its departments or agency may from time to time require, and shall comply with the laws of the United States of America and the rules and regulations of any of the departments or agencies of the United States of America governing the allocation, transfer, use, or accounting for, property donable or donated to the Virgin Islands.