(a) There is established in the Treasury of the Virgin Islands a special fund designated the “Underground Facility Damage Prevention and Safety Fund” (the “Fund”).
(b) The Commissioner of Finance shall administer the fund as a separate and distinct fund and no monies from the Fund shall be available for expenditure except as provided in this section.
(c) The Fund consists of all:
(1) Sums appropriated from time to time by the Legislature;
(2) Public and private grants gifts, donations, bequests and devises of money made thereto; and
(3) Fines resulting from violation of 12 V.I.C. chapter16A, and regulations promulgated thereunder.
(d) All such sums shall remain available until expended.
(e) The Commissioner of Finance shall disburse monies from the Fund upon authorization and direction of the Commissioner of Public Works, for administrative expenses, personnel expenses and equipment cost, and all reasonable direct and indirect costs required to implement and support the Notification Center established pursuant 12 V.I.C. chapter 16A, and the regulations promulgated thereunder and to supplement the existing public awareness/damage prevention program to educate the general public, excavators, and Operators.
(f) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Fund and shall annually report to the Governor and the Legislature, as well as the Commissioner of Public Works, as to the status of the Fund.