(a) There is created and established in the Treasury of the Virgin Islands, a special revolving fund to be designated the Crisis Intervention Fund. The Commissioner of Finance shall maintain and provide for the administration of the fund as a distinct fund in the Treasury, and no monies shall be available for expenditures from the fund, except as provided by law.
(b) There is authorized to be appropriated to and deposited into the Crisis Intervention Fund such sums each year from the Caribbean Basin-Initiative Fund and the Internal Revenue Matching Fund as authorized by law and all other sums appropriated from time to time by the Legislature. Monies shall be disbursed from the fund by the Commissioner of Finance, upon the authorization of the Commissioner of the Department of Human Services, for the purpose of funding programs relating to family and youth crisis intervention services the payment of any membership requirements mandated by the Interstate Commission for Juveniles and disbursement of grants to authorized youth organizations as provided by law; provided however, that not more than twenty percent (20%) of the monies disbursed from the Crisis Intervention Fund shall be used for personnel services.
(c) The Commissioners of the Departments of Finance and Human Services shall both maintain a detailed accounting record of all monies deposited into and disbursed from the fund, and they shall submit an annual report on the financial status of the fund to the Governor and the Legislature, which report shall include the amount of each disbursement from the fund together with the name of the payee or grantee to whom each such disbursement was made.
(d) The recipients of grants shall maintain a detailed accounting record of all monies received and expended pursuant to this section. The Commissioner of Human Services shall require any grant recipient to submit accounting reports of all monies received and expended.
(e) In addition to the financial report required in subsection (c) of this section, the Commissioner of the Department of Human Services shall submit an annual evaluation report on the programs and entities which are funded by monies disbursed from the fund.