(a) There is established in the Treasury of the Virgin Islands a fund to be known as the “Juvenile Detention Center Fund”. The Commissioner of Finance shall provide for the administration of the fund as a separate and distinct fund in the Treasury of the Virgin Islands. Expenditures from the fund shall be pursuant to annual appropriations by the Legislature and no monies may be disbursed from the fund except as provided in this section.
(b) The fund shall consist of all proceeds from seizure of illegal lottery tickets; public or private monetary grants, gifts, donations, bequests or devises; and all sums appropriated thereto, from time to time, by the Legislature of the Virgin Islands.
(c) The Commissioner of Finance shall deposit the monies contained in the fund in interest earning accounts pursuant to chapter 117 of this title. The interest earned on the monies on deposit in the fund shall also be deposited into the fund.
(d) The Commissioner of Finance shall disburse monies from the fund upon authorization of the Commissioner of Human Services specifically for renovating, refurbishing, building or equipping, and related expenses, of the Juvenile Detention Centers, Youth Residential and/or Youth Correctional Centers.
(e) The Commissioner of Finance shall maintain a detailed accounting record of all monies deposited into and disbursed from the fund and shall submit to the Governor and the Legislature annually, at the close of the fiscal year, a report on the financial status of the fund.