(a) There is created and established in the Treasury of the Virgin Islands a special revolving fund to be designated and referred to as the Foster Care of Children Fund. The Commissioner of Finance shall maintain and provide for the administration of said Fund as a distinct fund in the Treasury, and no monies shall be available for expenditures from said Fund, except as provided by law.
(b) The Foster Care of Children Fund shall consist of all payments to the Commissioner of Social Welfare received from parents for the foster care of their children, and appropriations from the Legislature of the Virgin Islands, which the Commissioner of Social Welfare shall deposit in the Fund. Moneys shall be disbursed from the Fund by the Commissioner of Finance, upon authorization of the Commissioner of Social Welfare, for the purpose of making payments for the foster care of children to foster parents pursuant to the provisions of subsection (c) of section 104, Title 34 of this Code and for such other expenses as are, in the opinion of the Commissioner of Social Welfare, necessary for the health, welfare and safety of the child in the foster home.