(a) There is established a special fund in the Treasury of the Virgin Islands designated as the “Delinquent Property and Sewer Fees Revolving Fund” consisting of all monies recovered from the sale of real property sold at auction pursuant to chapter 89, subchapter III, section 2541 of this title.
(b) The Commissioner of Finance shall make available, out of the funds disbursements to the Office of the Lieutenant Governor, for cost associated with the sale and collection of the proceeds of the sale of the foreclosed properties.
(c) The Commissioner of Finance shall maintain and provide for the administration of the Fund, and no funds therein shall be available for expenditure, except as provided in this section.