(a) There is established in the Treasury of the Virgin Islands a special, non-lapsing fund designated and known as the Invasive Species Eradication Community Program Fund (“Program Fund”). The Commissioner of Finance shall maintain and provide for the administration of the Program Fund as a separate and distinct fund in the Treasury of the Virgin Islands, and no monies are available for expenditure therefrom except as provided in this section. The Fund consists of all sums appropriated thereto from time to time by the Legislature all sport and recreational fishing licenses, permits and related fees collected under this title, federal and local grants, fines collected under 14 V.I.C. § 192, gifts, donations, bequests of money, and all administrative fees collected under 12 V.I.C. § 114(b) and $15 from each Wildlife Conditional Removal Permit fee collected under 12 V.I.C. § 114(d).
(b) Monies from the Program Fund may be disbursed by the Commissioner of Finance upon authorization of the Commissioner of DPNR for deposit into an Imprest Account, to be maintained in the office of the Commissioner of DPNR. The Imprest Account may not exceed $10,000 at any one time. Payments may be made from the Imprest Account to any person entitled to receive a bounty under 12 V.I.C. § 116 by check signed by both the Commissioner of DPNR and the Director of DFW.
(c) The Commissioner of DPNR shall maintain a proper and complete accounting of expenditures from the Imprest Account and make periodic reports as may be required by the Commissioner of Finance.
(d) The Commissioner of Finance shall maintain a record of all monies deposited into and disbursed from the Program Fund and shall annually report to the Governor and the Legislature on the status of the Program Fund.