(a) There is established in the Treasury of the Virgin Islands a separate and distinct fund to be designated the “Transportation Revolving Fund (hereinafter, the ”Fund“). The Commissioner of Finance shall 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 Fund shall consist of all sums appropriated thereto from time to time by the Legislature and all sums received from departments and agencies of the Government for utilization, maintenance and repair of vehicles within the Central Motor Pools. Departments and agencies utilizing the services of the Central Motor Pools shall make payments to the Department of Property and Procurement within 30 days of receipt of billing from their respective appropriations.
(c) Monies deposited in the Fund shall be appropriated annually and disbursed by the Commissioner of Finance, at the direction of the Commissioner of the Department of Property and Procurement, for the operation, maintenance, control and regulation of Government motor vehicles within the Central Motor Pools and the reimbursement of employees for use of personally owned motor vehicles.
(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.