(a)
(1) There is created within the Treasury of the Virgin Islands a separate and distinct fund known as the Centennial Special Fund, for the purpose of facilitating the formulation of plans and preparations to commemorate and celebrate in the year 2017 the 100th Anniversary of the transfer of the Virgin Islands from Denmark to the United States of America, of which the commemorative and celebratory events shall commence on or before August 4, 2016, and terminate on December 31, 2017.
(2) The Fund is administered by the Commissioner of the Department of Finance, and no amounts therein are available for expenditure except as provided in this section and when authorized by the Commissioner of the Department of Tourism. The Commissioner of the Department of Tourism shall establish policies for the expenditures of monies contained in the Fund.
(b) The Fund consists of all monies appropriated from time to time by the Legislature, all public or private grants, gifts, donations, bequests or devises to the Centennial Commission of the Virgin Islands or any appropriation transfers to the fund.