(a) There is established as a separate and distinct fund in the Treasury of the Virgin Islands the Youth Education and Training Endowment Fund (hereinafter, the “Fund”). The Commissioner of Finance shall provide for the administration of the Fund, and no monies contained therein shall be available for expenditure except as provided in this section.
(b) The Fund shall consist of the remainder of the Eight Million Dollars received by the Government of the Virgin Islands pursuant to the Third Extension and Amendment Agreement between the Government of the Virgin Islands, Hess Oil Virgin Islands, Corp. and Petroleos De Venezuela, S.A.V.I., Inc., public or private monetary grants, gifts, donations, bequests or devises, and all sums appropriated thereto from time to time, by the Legislature of the Virgin Islands.
(c) The purpose of the fund is to pay for vocational, general and technical education programs, and environmental assessment programs.
(d) There is hereby appropriated from the Youth Education and Training Endowment Fund the sum of Five Million Five Hundred Seventy-Nine Thousand Three Hundred ($5,579,300) Dollars for the fiscal year ending September 30, 2000 for the following purposes:
| DEPARTMENT OF LABOR | |
| Youth Development Training Program | 350,000 |
| Jobs for Virgin Islands Graduates | 340,000 |
| BOARD OF VOCATIONAL EDUCATION | |
| For operating expenses and other purposes | 40,000 |
| BOARD OF VOCATIONAL EDUCATION | |
| Vocational Education Week | 5,000 |
| James A. Petersen Scholarship | 9,300 |
| Albert Ragster, Sr. Scholarship | 20,000 |
| UNIVERSITY OF THE VIRGIN ISLANDS | |
| To establish a Research, Training and Environmental Studies Endowment | 900,000 |
| DEPARTMENT OF LABOR | |
| Summer youth employment program | 500,000 |
| DEPARTMENT OF EDUCATION | |
| Science Lab | |
| St. Croix Central High School | 100,000 |
| Substitute teacher pool | |
| District of St. Thomas/St. John | 150,000 |
| District of St. Croix | 150,000 |
| Interscholastic athletics | |
| District of St. Thomas/St. John | 150,000 |
| District of St. Croix | 150,000 |
| Implement the Economic Literacy Program | 50,000 |
| Computer labs | |
| E. Benjamin Oliver Elementary School | 25,000 |
| Lockhart Elementary School | 25,000 |
| Joseph Sibilly Elementary School | 25,000 |
| Julius E. Sprauve School | 40,000 |
| Bertha C. Boschulte Junior High School | 50,000 |
| Ivanna Eudora Kean High School | 50,000 |
| Educational Complex to develop vocational and technical, training, library services and to purchase equipment | 900,000 |
| Foreign Language Lab | |
| St. Croix Central High School | 100,000 |
| Establish after school programs: | |
| Addelita Cancryn Junior High School | 50,000 |
| Bertha C. Boschulte Junior High School | 50,000 |
| Arthur Richards Junior High School | 50,000 |
| Elena Christian Junior High School | 50,000 |
| John H. Woodson Junior High School | 50,000 |
| DEPARTMENT OF PLANNING AND NATURAL RESOURCES | |
| Public libraries to purchase books, periodicals and research materials | 1,000,000 |
| BEACON SCHOOLS OF THE VIRGIN ISLANDS, INC. | |
| To establish two new Beacon Schools at the junior-high level | |
| St. Croix | 100,000 |
| Thomas | 100,000 |
| TOTAL | 5,579,300 |