(a) There is hereby created and established in the Treasury of the Virgin Islands a special fund to be designated and known as the “Legal Judgments Special Fund” (hereinafter referred to in this section as the “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 from the Fund except as provided in this section. The Fund shall consist of such sums of money as may be appropriated thereto from time to time by the Legislature, which sums shall remain available until expended.
(b) The Commissioner of Finance shall utilize monies available in the Fund to satisfy judgments, together with lawful interest thereon, entered against the Government of the United States Virgin Islands; Provided, That no monies may be disbursed by the Commissioner of Finance in satisfaction of any such judgment, together with lawful interest thereon, until the delivery to the Commissioner of Finance of certified copies of the judgment, a written release and satisfaction of judgment executed by the plaintiff or plaintiffs, and either a (i) “certificate of no appeal” from the Attorney General; or (ii) a written statement from the Attorney General that all legal appeals have been exhausted. No monies may be disbursed by the Commissioner of Finance pursuant to this section in satisfaction of any judgment entered against the Government of the United States Virgin Islands in excess of $25,000, not including lawful interest.