(a) There is hereby created and established in the Department of Finance a separate special account to be known as the “Casino Revenue Fund” into which shall be deposited all revenues derived from the tax imposed pursuant to Title 32, sections 515 and 516(a)(1) Virgin Islands Code.
(b) The Commission may require a monthly report and recognition statement to be filed with it on or before the 10th day of each month, with respect to gross revenues and deposits received and made during the preceding month.
(c) Monies in the Casino Revenue Fund must be allocated and used exclusively as follows:(1) 23 percent to the Virgin Islands Casino Control Commission for its operations;(2) 15 percent to the Department of Education for youth related extracurricular activities, such as: school-related clubs, organizations, sports, including travel within and outside of the Virgin Islands;(3) 10 percent to the Department of Justice, Division of Gaming Enforcement, for salaries and fringe benefits for additional administrative, investigative and support staff, excluding the Director of the Division;(4) 10 percent to the Department of Health;(5) 10 percent to the Department of Sports, Parks and Recreation to fund territorial youth sport leagues, including basketball, baseball, tennis and soccer and for travel within and outside of the Virgin Islands;(6) 10 percent to the Virgin Islands Police Department;(7) 10 percent to youth programs sponsored by the Department of Labor;(8) Five percent to the Department of Agriculture to facilitate the mandates of the Territorial Agriculture Plan;(9) Four percent to the Virgin Islands Government Hospitals and Health Facilities Corporation;(10) Two percent to the Virgin Islands Economic Development Authority to be deposited into a revolving fund established for the specific purpose of reconstruction and rehabilitation of the historic district towns of Christiansted and Frederiksted; and(11) One percent to the Virgin Islands Casino Control Commission for programs to treat and prevent gambling addiction.”
(1) 23 percent to the Virgin Islands Casino Control Commission for its operations;
(2) 15 percent to the Department of Education for youth related extracurricular activities, such as: school-related clubs, organizations, sports, including travel within and outside of the Virgin Islands;
(3) 10 percent to the Department of Justice, Division of Gaming Enforcement, for salaries and fringe benefits for additional administrative, investigative and support staff, excluding the Director of the Division;
(4) 10 percent to the Department of Health;
(5) 10 percent to the Department of Sports, Parks and Recreation to fund territorial youth sport leagues, including basketball, baseball, tennis and soccer and for travel within and outside of the Virgin Islands;
(6) 10 percent to the Virgin Islands Police Department;
(7) 10 percent to youth programs sponsored by the Department of Labor;
(8) Five percent to the Department of Agriculture to facilitate the mandates of the Territorial Agriculture Plan;
(9) Four percent to the Virgin Islands Government Hospitals and Health Facilities Corporation;
(10) Two percent to the Virgin Islands Economic Development Authority to be deposited into a revolving fund established for the specific purpose of reconstruction and rehabilitation of the historic district towns of Christiansted and Frederiksted; and
(11) One percent to the Virgin Islands Casino Control Commission for programs to treat and prevent gambling addiction.”
(d) On March 15 and September 16 of each year, the Commissioner of Finance shall publish in not less than two newspapers of general circulation in the Virgin Islands a report detailing the total revenues received in the Casino Revenue Fund, the total disbursements from the Fund and the specific purpose of the disbursement. The report must cover the preceding six months ending December 31 and June 30. In addition to the appropriated funds in the annual budget of the Government of the Virgin Islands, a percentage of the funds must also be appropriated to the Department of Health for behavioral health facilities and initiatives as follows:(1) One percent in years one, two and three;(2) 0.05 percent in years four and five; and(3) 0.0025 percent every successive year thereafter.
(1) One percent in years one, two and three;
(2) 0.05 percent in years four and five; and
(3) 0.0025 percent every successive year thereafter.