(a) There is hereby established a Paternity and Child Support Revolving Fund as a special fund in the Treasury of the Virgin Islands.
(b) The Commissioner of Finance is directed to maintain and provide for the administration of the Paternity and Child Support Revolving Fund as a separate and distinct fund in the Treasury, and no funds therein shall be available for expenditure except as provided in this section.
(c) The Paternity and Child Support Revolving Fund shall consist of all the monies collected by the Department of Justice in the normal course of its operations under Title IV-D of the Social Security Act, 42 U.S.C. § 601 et seq., P.L. 93–647, as well as all sums appropriated thereto by the Legislature of the Virgin Islands, and all monies from any other public or private source, including grants from the Federal Government.
(d) Money shall be disbursed from the Paternity and Child Support Revolving Fund by the Commissioner of Finance, upon authorization of the Attorney General, for the purpose of defraying operating and administrative expenses of the Title IV-D Program and for the purpose of distributing the proceeds of child support collections pursuant to section 457 of Title IV-D of the Social Security Act and the regulations promulgated thereunder.