(a) There is established in the Treasury of the Virgin Islands a special, non-lapsing fund designated the Recreational Parks Revolving Fund.
(b) The Commissioner of Finance shall maintain and provide for the administration of the Recreational Parks Revolving Fund as a separate and distinct fund in the Treasury of the Virgin Islands, and no funds therein may be made available for expenditure except as provided in this section.
(c) The Recreational Parks Revolving Fund consists of all funds received from the granting of concessions, the charging of rents, fees, or other amounts donated, transferred, or appropriated from whatever source to the Department of Sports, Parks and Recreation or to the Fund.
(d) The Commissioner of Finance shall disburse all monies pertaining to the Recreational Parks Revolving Fund exclusively for expenditure by the Department of Sports, Parks and Recreation for administering, managing, and supervising neighborhood parks or recreation areas that are primarily designed to provide facilities for team, recreational or individual sports.