(a) There is established in the Treasury of the Virgin Islands a separate and distinct fund to be designated the Child Day Care Revolving 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 by this section.
(b) The Fund shall consist of ten percent of all monies collected pursuant to Title 34, section 19, Virgin Islands Code, all monies collected from fines and penalties resulting from violations of 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 shall be disbursed from the Fund by the Commissioner of Finance, upon authorization and direction of the Commissioner of Human Services, exclusively for the purpose of purchasing educational supplies and instructional aids, including books, records, and arts and crafts supplies, engaging in field trips and participating in other activities which enhance the enrichment experiences of the children who attend Territory-operated facilities. Monies disbursed from the Fund shall not be included in or considered as part of the annual appropriation to the Department of Human Services.
(d) The Commissioner of Human Services, in conjunction with the Commissioner of Finance, shall, on or before January 1 of each year, forward to the Governor and the Legislature's Committee on Finance a detailed accounting of the receipts and disbursements from the Fund and the unobligated balance thereof.