(a) There is hereby established in the Treasury of the Virgin Islands a special fund to be designated and known as the Homicide Detection Reward Fund (hereinafter referred to as the Fund). The Commissioner of Finance shall maintain and provide for the administration of the Fund as a separate and distinct fund in the Treasury and no monies shall be available for expenditure from said Fund except as provided by law. The Fund shall consist of all sums appropriated thereto from time to time by the Legislature.
(b) Monies shall be disbursed from the Fund by the Commissioner of Finance, upon the authorization and direction of the Attorney General of the Virgin Islands for the publication of offers of rewards and for the payment of rewards as herein further specified.
(c) The Attorney General of the Virgin Islands is authorized to offer and to pay a reward of up to and including $10,000.00 from the Fund for information leading to the arrest and conviction of individuals who participated in any homicide which has heretofore or may hereafter occur in the Virgin Islands. The reward herein authorized to be offered and paid shall be the maximum for any one homicide and may be apportioned in instances in which more than one individual provided information contributing to the solution of any one homicide and to the subsequent arrest and conviction of the perpetrators thereof. The Attorney General shall prescribe rules and regulations for the implementation of this subsection.
(d) The Attorney General shall cause to be widely publicized any reward which he may offer under this section. He may cause to be expended monies in the Fund for the advertisement of any offer of reward.
(e) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Fund and he shall annually report to the Governor and the Legislature on the status of the Fund.