Effective July 1, 1958, the proceeds from all firearms licenses, all excise taxes on firearms, parts and ammunition, all fines imposed by the courts for violation of the fish, game or conservation laws, and all monies obtained as described in chapter 9A, section 314 of this title, shall be covered into a special fund in the Treasury of the United States Virgin Islands to be designated as the “Fish and Game Fund”. However, if the balance in the Fish and Game Fund equals $250,000, all monies which would otherwise be covered into such Fund shall be deposited in the General Fund.