(a) There is hereby established in the Treasury of the Virgin Islands a special fund to be designated and known as the Crime Information Fund. The Commissioner of Finance shall maintain and provide for the administration of the Crime Information Fund as a separate and distinct fund in the Treasury and no monies shall be available for expenditure therefrom except as provided by law. The Crime Information Fund shall consist of all sums appropriated thereto from time to time by the Legislature.
(b) Monies shall be disbursed from the Crime Information Fund by the Commissioner of Finance, upon the authorization and direction of the Police Commissioner, for the payment of cash awards as herein further specified.
(c) Monies from the Crime Information Fund may be withdrawn by the Commissioner of the Virgin Islands Police Department, for deposit in a Petty Cash Fund, hereby created, to be maintained in the office of the Commissioner, provided that the Petty Cash Fund shall not exceed the sum of five thousand dollars ($5,000.00) at any one time. Cash awards may be made from the Petty Cash Fund by the Police Commissioner or his designee to any person providing reliable information leading to the arrest of individuals who are suspected of participating in any crime which is a felony under the laws of the Virgin Islands and which has heretofore or may hereafter occur in the Virgin Islands. The Police Commissioner shall maintain a proper and complete accounting of expenditures from the Petty Cash Fund and make periodic reports as may be required by the Commissioner of Finance, provided, however, the names of informants receiving awards under this section shall be kept confidential.
(d) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Crime Information Fund and he shall annually report to the Governor and the Legislature on the status of said Fund.