(a) There is established in the Treasury of the Virgin Islands a separate and distinct fund to be designated the Central Motor Pool Fund. The Commissioner of Finance is authorized and directed to provide for the administration of the said fund and no monies contained therein shall be available for expenditure except as provided in this section.
(b) The said fund shall consist of all sums appropriated thereto from time to time by the Legislature and the proceeds of all sales of government-owned motor vehicles.
(c) Monies deposited in the Central Motor Pool Fund shall be disbursed by the Commissioner of Finance, at the direction of the Commissioner of Property and Procurement or his designee, the Deputy Commissioner of the Division of Transportation, for the acquisition, identification, operation, maintenance, storage, supervision, control and regulation of all territorial government-owned or leased motor vehicles within the Central Motor Pool.
(d) The Commissioner of Finance shall forward quarterly to the Legislature, and shall make available to the public, a detailed accounting of the disbursements from the said fund and the unobligated balance thereof.