(a) There is created and established in the Treasury of the Virgin Islands a special fund to be designated and known as the Liberty Day Celebration Fund. The Commissioner of Finance shall maintain and provide for the administration of said fund as a separate and district fund in the Treasury, and no monies shall be available for expenditure from said Fund except as provided by law. There is authorized to be appropriated each year to the Department of Planning and Natural Resources from the Liberty Day Celebration Fund a sum, not to exceed $1,000, to be expended to promote and enhance the celebration of Liberty Day in Estate Grove Place, St. Croix, and the Department shall faithfully expend such sum in a timely manner in accord with the policy of this section.
(b) Monies shall be disbursed from the Liberty Day Celebration Fund by the Commissioner of Finance upon the certification of the Commissioner of Planning and Natural Resources for the purpose of implementing plans for the celebration of Liberty Day in Estate Grove Place, St. Croix, on November 1 of each year.