(a) There is established in the Treasury of the Virgin Islands a special fund to be designated the “Virgin Islands Fire and Emergency Medical Services Emergency Fund”. The Commissioner of Finance shall provide for the administration of this Fund as a separate and distinct fund in the Treasury, and no amounts therein shall be available for expenditures or disbursement except as provided in this section. This Fund shall consist of all sums appropriated thereto from time to time by the Legislature and all of the monies collected pursuant to Title 23, sections 551b and 605 of this Code, and all fees and charges collected pursuant to Title 23, section 603 of this Code.
(b) Monies shall be disbursed from the Fund by the Commissioner of Finance, upon authorization of the Director of the Virgin Islands Fire and Emergency Medical Services, for the purpose of making payments for extraordinary expenses incurred in fighting fires and other emergencies involving the Virgin Islands Fire and Emergency Medical Services. Monies in the Fund may also be utilized for the hiring of fire inspectors and for the purchase of firefighting equipment and supplies.