(a) There is hereby established in the Treasury of the Virgin Islands a special fund designated and known as the “Police Crime Fighting and Equipment 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 therefrom except as provided in this section.
(b) The Police Crime Fighting and Equipment Fund shall be used for the purposes of:
(1) purchasing equipment for use in the Department's crime-fighting activities;
(2) upgrading and maintaining Department equipment and facilities;
(3) training Virgin Islands Police Department officers and personnel; and
(4) other necessary and related crime-fighting operations of the Department.
(c) Except as otherwise provided by law, the Fund shall consist of:
(1) all seized and forfeited monies and property as described in Title 19, chapter 29, section 623, subsection (a), paragraph (6) of this code;
(2) all funds confiscated in narcotics arrests and forfeited under Title 19, section 623, subsection (f) of this code;
(3) All fines collected pursuant to title 14, sections 2251, 2253, and 2256 of this code.
(4) all sums appropriated thereto from time to time by the Legislature of the Virgin Islands; and
(5) such grants, contributions, gifts and bequests, federal or local, as may be made thereto and which the Commissioner of Finance is hereby authorized to accept and deposit therein.
(6) fees collected pursuant to Title 20, Chapter 47 of this code.
(d) Monies shall be disbursed from the Police Crime Fighting and Equipment Fund by the Commissioner of Finance, upon authorization and direction of the Police Commissioner in accordance with the annual funding request approved by the Committee on Finance of the Legislature of the Virgin Islands for the purposes set out in subsection (b) of this section.
(e) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Police Crime Fighting and Equipment Fund and shall submit quarterly reports to the Governor and the Legislature on the status of said Fund.