(a) There is established as a separate and distinct fund in the Treasury of the Virgin Islands the Youth Education and Training Endowment Fund (hereinafter, the “Fund”). The Commissioner of Finance shall provide for the administration of the Fund, and no monies contained therein shall be available for expenditure except as provided in this section.
(b) The Fund shall consist of the remainder of the Eight Million Dollars received by the Government of the Virgin Islands pursuant to the Third Extension and Amendment Agreement between the Government of the Virgin Islands, Hess Oil Virgin Islands, Corp. and Petroleos De Venezuela, S.A.V.I., Inc., public or private monetary grants, gifts, donations, bequests or devises, and all sums appropriated thereto from time to time, by the Legislature of the Virgin Islands.
(c) The purpose of the fund is to pay for vocational, general and technical education programs, and environmental assessment programs.
(d) There is hereby appropriated from the Youth Education and Training Endowment Fund the sum of Five Million Five Hundred Seventy-Nine Thousand Three Hundred ($5,579,300) Dollars for the fiscal year ending September 30, 2000 for the following purposes:DEPARTMENT OF LABOR Youth Development Training Program350,000Jobs for Virgin Islands Graduates340,000BOARD OF VOCATIONAL EDUCATION For operating expenses and other purposes40,000BOARD OF VOCATIONAL EDUCATION Vocational Education Week5,000James A. Petersen Scholarship9,300Albert Ragster, Sr. Scholarship20,000UNIVERSITY OF THE VIRGIN ISLANDS To establish a Research, Training and Environmental Studies Endowment900,000DEPARTMENT OF LABOR Summer youth employment program500,000DEPARTMENT OF EDUCATION Science Lab St. Croix Central High School100,000Substitute teacher pool District of St. Thomas/St. John150,000District of St. Croix150,000Interscholastic athletics District of St. Thomas/St. John150,000District of St. Croix150,000Implement the Economic Literacy Program50,000Computer labs E. Benjamin Oliver Elementary School25,000Lockhart Elementary School25,000Joseph Sibilly Elementary School25,000Julius E. Sprauve School40,000Bertha C. Boschulte Junior High School50,000Ivanna Eudora Kean High School50,000Educational Complex to develop vocational and technical, training, library services and to purchase equipment 900,000Foreign Language Lab St. Croix Central High School100,000Establish after school programs: Addelita Cancryn Junior High School50,000Bertha C. Boschulte Junior High School50,000Arthur Richards Junior High School50,000Elena Christian Junior High School50,000John H. Woodson Junior High School50,000DEPARTMENT OF PLANNING AND NATURAL RESOURCES Public libraries to purchase books, periodicals and research materials1,000,000BEACON SCHOOLS OF THE VIRGIN ISLANDS, INC. To establish two new Beacon Schools at the junior-high level St. Croix100,000Thomas100,000TOTAL5,579,300
DEPARTMENT OF LABOR Youth Development Training Program350,000Jobs for Virgin Islands Graduates340,000BOARD OF VOCATIONAL EDUCATION For operating expenses and other purposes40,000BOARD OF VOCATIONAL EDUCATION Vocational Education Week5,000James A. Petersen Scholarship9,300Albert Ragster, Sr. Scholarship20,000UNIVERSITY OF THE VIRGIN ISLANDS To establish a Research, Training and Environmental Studies Endowment900,000DEPARTMENT OF LABOR Summer youth employment program500,000DEPARTMENT OF EDUCATION Science Lab St. Croix Central High School100,000Substitute teacher pool District of St. Thomas/St. John150,000District of St. Croix150,000Interscholastic athletics District of St. Thomas/St. John150,000District of St. Croix150,000Implement the Economic Literacy Program50,000Computer labs E. Benjamin Oliver Elementary School25,000Lockhart Elementary School25,000Joseph Sibilly Elementary School25,000Julius E. Sprauve School40,000Bertha C. Boschulte Junior High School50,000Ivanna Eudora Kean High School50,000Educational Complex to develop vocational and technical, training, library services and to purchase equipment 900,000Foreign Language Lab St. Croix Central High School100,000Establish after school programs: Addelita Cancryn Junior High School50,000Bertha C. Boschulte Junior High School50,000Arthur Richards Junior High School50,000Elena Christian Junior High School50,000John H. Woodson Junior High School50,000DEPARTMENT OF PLANNING AND NATURAL RESOURCES Public libraries to purchase books, periodicals and research materials1,000,000BEACON SCHOOLS OF THE VIRGIN ISLANDS, INC. To establish two new Beacon Schools at the junior-high level St. Croix100,000Thomas100,000TOTAL5,579,300