(a) There is established in the Treasury of the Virgin Islands a fund known as “The Virgin Islands Elections Fund” (the “Fund”). The Commissioner of Finance shall provide for the administration of the Fund as a separate and distinct fund in the Treasury of the Government of the Virgin Islands, and shall hold the Fund separate and apart from all other moneys, funds and accounts. Investment earnings credited to the assets of the Fund shall become part of the Fund. No amounts in the Fund shall be available for expenditure or disbursement except as provided in this section and subject to the Help America Vote Act of 2002, P.L. 107–252 § 251. Any amounts in the Fund shall remain available without fiscal year limitation until expended.
(b) The Fund shall consist of
(1) sums appropriated or otherwise made available by the Legislature for carrying out the activities for which payments are made to this Territory under the federal Help America Vote Act of 2002 (P.L. 107–252);
(2) all payments made to this Territory under the federal Help America Vote Act of 2002 (P.L. 107–252);
(3) other amounts as may be appropriated by law; and
(4) interest earned on deposits in the Fund.
(c)
(1) The Commissioner of Finance shall keep accurate records with respect to the Funds including records that fully disclose the amount and disposition of the sums in the Fund, the total cost of the project or undertaking for which the sums are used, and other such records as will facilitate an effective audit under P.L. 107–252 § 902(a).
(2) The Commissioner of Finance shall report annually to the Governor, Legislature and the Joint Board of Elections at the end of each fiscal year.