(a) There is created in the Treasury of the Virgin Islands a special fund to be designated the “Medical Expert Fund” into which shall be deposited all revenues appropriated to said fund. The fund shall be used to pay the cost of obtaining expert medical opinions pursuant to 27 Virgin Islands Code, section 166i. The Commissioner of Finance is directed to maintain and provide for the administration of said fund as a separate and distinct fund in the Treasury, and no funds therein shall be available for expenditure except as provided herein and in 27 Virgin Islands Code, section 166i. Disbursements from the fund shall be made by the Commissioner of Finance upon authorization by the Commissioner of Insurance as Chairman of the Medical Malpractice Action Review Committee.
(b) The Fund and any income from it shall be invested and reinvested by the Commissioner of Finance.
(c) The Commissioner of Finance shall submit quarterly reports to the Governor and the Legislature, listing all receipts and expenditures pertaining to the Medical Expert Fund.