(a) There is established in the Treasury of the Virgin Islands, a special revolving fund to be designated the “Vendors Plaza Revolving Fund”. The Commissioner of Finance shall provide for the administration of the fund as a separate and distinct fund in the Treasury and no amounts shall be available for expenditure or disbursement therefrom except as provided in this section.
(b) The purpose of the Vendors Plaza Revolving Fund is to protect and preserve the fragile infrastructure of the Vendors Plaza and promote the orderly transaction of vending type businesses in the central business district and other vending locations.
(c) The fund shall consist of all sums appropriated thereto from time to time by the Legislature, maintenance and administration fees collected from occupants of vendors plazas, and all fines and administrative penalties imposed by the courts and the Commissioner of Licensing and Consumer Affairs for violations of the provisions of Title 27, Virgin Islands Code, pertaining to vendors, and any other laws or duly promulgated rules and regulations, as may be applicable.
(d) Monies contained in the Fund shall be used for, but not limited to, the following purposes:
(1) To pay for the cleaning, sweeping, disposal of trash and other janitorial and gardening functions necessary to maintain the vendors plazas in the best interest of the community;
(2) Compiling, evaluating and publicizing the existing laws and regulations applicable to vendors for the general protection of the public;
(3) Promotion and oversight of the enforcement of all laws, rules, regulations and orders which pertain to the operations of vending businesses, itinerant vendors, and vendors plazas in order to protect the interests of consumers;
(4) To provide technical advice to the Department for the management and promotion of vendors plazas;
(5) To promote, on behalf of vendors and consumers, fair and honest practices of commerce and industry;
(6) To provide for specialized training for staff and enforcement personnel in relation to vendor licensing laws;
(7) To purchase identification cameras, badges, and other materials and equipment needed to properly document and adequately license vendors;
(8) To pay for the costs associated with providing security services and information services, signs, and other structures, improvements or renovations within and without vendors plazas; or
(9) To enter into contracts and agreements with public or private institutions for carrying out investigations, examinations or analyses of products, articles or services, as well as to carry out publicity campaigns, and sponsor promotional events which would enhance and promote commerce at vendors plazas;
(10) To acquire decorations and other accessories to maintain and beautify vendors plazas; and
(11) to acquire necessary equipment for the effective administration of vendors plazas by the Department.
In addition to the enumerated uses stated above, monies shall be disbursed from the Fund by the Commissioner of Finance, upon authorization of the Commissioner of the Department of Licensing and Consumer Affairs, for the administration and promotion of vendors plazas, and the enforcement of the consumer protection laws of Title 12A and the licensing laws of Title 27 of this Code.(e) The entire proceeds of the Vendors Plaza Revolving Fund shall remain on deposit and continue from year to year until such time as expended in accordance with the uses cited in subsection (d) of this section.