(a) There is hereby established as a separate and distinct fund in the Treasury of the Virgin Islands the Cramers Park Authority Fund “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 by this section.
(b) The Fund shall consist of all sums received from public and 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) Monies in the Fund shall be disbursed by the Commissioner of Finance, at the direction at the Cramers Park Authority Board of Directors, as established under the provisions of title 3, section 308, of this code exclusively for the construction, improvement and maintenance of facilities at Cramers Park.
(d) The Commissioner of Finance shall annually forward to the Governor and Legislature of the Virgin Islands and make available to the public a detailed accounting of the disbursement from the Fund and the unobligated balance thereof.