(a) There is established in the Treasury of the Government of the Virgin Islands, a special fund to be designated as the “Children's Trust Fund:” (hereafter “the Fund”). The Commissioner of Finance shall maintain and provide for the administration of the Fund as a separate and distinct fund in the Treasury of the Government of the Virgin Islands, and no monies shall be available for expenditure from the Fund, except as provided by law.
(b) The Fund shall consist of:
(1) all fees collected from birth certificates;
(2) all grants, gifts, contributions and bequests from private, federal or local sources, as may be made thereto and which the Commissioner of Finance is hereby authorized to accept and deposit therein;
(3) all sums appropriated from time to time by the Legislature of the Virgin Islands;
(4) all fines imposed by the Superior Court of the Virgin Islands for violations of child abuse and neglect laws of the Virgin Islands.
(c) The Commissioner of Finance shall deposit the monies contained in the Fund into interest earning accounts pursuant to chapter 117 of this title. The interest earned on the monies deposited in the Fund shall also be deposited into the Fund.
(d) The Commissioner of Finance shall disburse monies from the Fund upon the authorization and direction of the Commissioner of Human Services, for the purpose of establishing child abuse, neglect prevention and intervention programs, and purposes relating to the rehabilitation of children within the Virgin Islands including necessary capital improvements.
(e) The Commissioner of Finance shall maintain a detailed accounting record of all monies deposited into and disbursed from the Fund and shall submit to the Governor and the Legislature annually, at the close of each fiscal year, a report on the financial status of the Fund.