(a) Within five days of the receipt thereof, every department, agency or instrumentality of the Government of the United States Virgin Islands which receives or administers any program of grants-in-aid from the United States Government shall notify the Legislature of the Virgin Islands while in regular or special session of the purpose, source, limitations and amounts of such grants-in-aid. The notification required by this section shall be submitted to the Committee of jurisdiction of the Legislature when the Legislature is not in session. However, the monies made available to the Virgin Islands by the United States Department of Housing and Urban Development Community Block Grant Program may be allocated to projects, obligated, disbursed, expended, or reprogrammed by the head of any executive department, agency, or instrumentality charged with the administration of the Community Development Block Grant Program on behalf of the Territory, without approval by the Legislature of the Virgin Islands, or the Legislature’s committee of jurisdiction.
(b) Every application for Federal grants-in-aid or other form of Federal funding shall request reimbursement to the Territorial Government of all indirect costs when such reimbursement for such costs is permitted by Federal law. The Governor, his designee, or any other Territorial official responsible for any application for Federal grants-in-aid or other form of Federal funding shall certify to the Legislature's Committee on Finance before forwarding the application to any Federal department or agency that reimbursement for indirect costs has been requested, where such reimbursement is permitted by Federal law.
(c) [Deleted.]
(d) The Governor, through the Director of the Office of Management and Budget, shall submit the following to the Legislature:
(1) On a quarterly basis:
(A) A report which outlines by department, or agency, the titles of grants received, federal grantor agencies, periods available for expenditure, grant amounts, purposes, amounts expended, balances, and plans for reprogramming, if any; and,
(B) A report on the uses of the Indirect Cost Fund, established pursuant to Title 33, section 3025, Virgin Islands Code.
(2) On an annual basis:
(A) A progress report on the efforts of all departments and agencies to consolidate grants with other more flexible grants that have minimal or no matching requirements;
(B) A report of the programs which need to request waivers for the first $200,000 of matching share requirements or any other provisions of the grants that would assist in achieving objectives and goals outlined in the local budget document; and,
(C) A report that summarizes the program accomplishments, problems that hinder the timely expenditure of funds, types of assistance or legislation needed to assist programs, and the status of draw-downs against each grant.
(e) All employment positions created and funded through federal grants-in-aid, federal “block grant” programs or other forms of federal funding shall automatically terminate upon the expiration of the federal program or funding.