(a) There is hereby created in the Treasury of the Virgin Islands a separate and distinct fund to be designated as the Automobile Driver Education and Training Fund (hereinafter referred to in this section as the “Fund”). The Commissioner of Finance is authorized and directed to provide for the administration of the Fund, and no monies contained therein shall be available for expenditure except as provided in this section.
(b) The Fund shall consist of all fees charged pursuant to section 75 of this chapter, such sums as may be appropriated thereto from time to time by the Legislature, and all gifts, contributions and bequests of all monies made thereto, all of which shall remain available until expended.
(c) Monies deposited in the Fund shall be disbursed by the Commissioner of Education, exclusively for expenditures to carry out the provisions of sections 73 and 74 of this chapter.
(d) The Commissioner of Finance shall quarterly forward to the Legislature, and shall make available to the public, a detailed accounting of the disbursements from the Fund and the unobligated balance thereof.