(a) There is established in the Treasury of the Virgin Islands a fund known as the Bureau of Narcotics and Dangerous Drugs Control Revolving Fund. The Commissioner of Finance shall provide for the administration of the Fund as a separate and distinct fund in the Treasury of the Virgin Islands, and no amounts therein are available for expenditure or disbursement except as provided in this section.
(b) The fund consists of all sums collected and received as fines and registration fees by the Bureau of Narcotics and Dangerous Drugs Control; 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 Commissioner of Finance shall deposit the monies contained in the fund in interest earning accounts pursuant to chapter 117 of this title. The interest earned on the monies on deposit in the fund must also be deposited into the fund.
(d) The Commissioner of Finance shall disburse monies from the fund upon authorization of the Director of the Bureau of Narcotics and Dangerous Drugs Control to meet needs, goals and objectives of the Bureau.
(e) The Commissioner of Finance shall maintain a detailed accounting record of all monies deposited into and disbursed from the fund and shall submit to the Governor and the Legislature annually at the close of the fiscal year, a report on the financial status of the fund.