(a) There is hereby created in the Treasury of the Virgin Islands a separate and distinct fund to be designated as the Virgin Islands Tennis Program Revolving Trust Fund (hereinafter referred to in this section as the “Fund”). The Commissioner of Finance is authorized and directed to provide for the administration of the Fund, and no monies contained therein shall be available for expenditure except as provided for in this section.
(b) The Fund shall consist of all sums appropriated thereto from time to time by the Legislature, and all gifts, contributions and bequests of all monies made thereto, all of which shall remain available until expended.
(c) Monies deposited in the Fund shall be disbursed by the Commissioner of Finance, at the direction of the Commissioner of Planning and Natural Resources, exclusively for expenditures to carry out the provisions of chapter 1A, Title 32, Virgin Islands Code.
(d) The Commissioner of Finance shall quarterly forward to the Legislature, and shall make available to the public, a detailed accounting of the disbursements from the Fund and the unobligated balance thereof.