There is established within the Department of Education for budgetary purposes only, a public corporation to be known as the Virgin Islands Hospitality Training School (hereinafter in this chapter the “School”). The School shall provide educational instruction in all aspects of the Virgin Islands tourism industry, but more particularly training in the operation of hotels and their attendant services. The School shall function in close cooperation with the Department of Education, the Department of Tourism, and the University of the Virgin Islands. There shall be regular and continued assessment of the employment needs of the tourism industry and the curriculum shall be adjusted to train students for jobs that meet these needs. The School shall establish certificates and degrees, distinguish its graduates, and certify their training.