(a) No judgment shall be rendered against the Virgin Islands Housing Authority or the Virgin Islands Housing Finance Authority in excess of $50,000.00 in any suit or action against the Authority with respect to any injury or loss of property or personal injury or death which:
(i) may be caused by the negligent or wrongful act or omission of an employee of the Virgin Islands Housing Authority or the Virgin Islands Housing Finance Authority while acting within the scope of his employment under circumstances where the V.I. Housing Authority or the Virgin Islands Housing Finance Authority, if a private person, would be liable to the claimant in accordance with the law of the place where the act or omission occurred; or
(ii) may occur in connection with the operation of the use of the V.I. Housing Authority or the Virgin Islands Housing Finance Authority facilities.
(b) The provisions of subsection (a) of this section shall not apply if the injury or loss of property or death is caused by the gross negligence of an employee of the V.I. Housing Authority or the Virgin Islands Housing Finance Authority while acting within the scope of his employment.
(c) The V.I. Housing Authority and the Virgin Islands Housing Finance Authority consents to have the liability determined in accordance with the same rules of law as is applied to actions in the courts of the Virgin Islands against individuals or corporations.
(d) Board Members of the V.I. Housing Authority or the Virgin Islands Housing Finance Authority, while acting within the scope of their duties as board members, shall not be subject to personal or civil liability resulting from the exercise of any of the Authority's purposes, duties or responsibilities, unless the conduct of the member is determined by a court of competent jurisdiction to constitute willful wrong doing or gross negligence.