(a) There is established in the Treasury of the Government of the Virgin Islands a fund designated as the International Financial Services Center Revolving Fund. The Commissioner of Finance shall administer the Fund as a separate and distinct fund in the Treasury of the Government of the Virgin Islands.
(b) The Fund consists of an annual appropriations of not less than $75,000 to be used exclusively for the administrative costs and the salary of a qualified financial services examiner whose primary responsibility is to ensure that persons issued a license under this chapter comply with this chapter. The Commissioner of Finance shall disburse monies from the Fund to the Board to pay the salary of the examiner.