(a) (1) There is created within the Treasury of the Virgin Islands a separate and distinct fund known as the Virgin Islands Historical Commemorative Fund, for the purpose of funding events commemorating significant cultural and historic events in the Virgin Islands.(2) The Fund is administered by the Commissioner of the Department of Finance, and no amounts therein are available for expenditure except as provided in this section and when authorized by the Commissioner of the Department of Tourism. The Commissioner of the Department of Tourism shall establish policies for the expenditures of monies contained in the Fund.
(1) There is created within the Treasury of the Virgin Islands a separate and distinct fund known as the Virgin Islands Historical Commemorative Fund, for the purpose of funding events commemorating significant cultural and historic events in the Virgin Islands.
(2) The Fund is administered by the Commissioner of the Department of Finance, and no amounts therein are available for expenditure except as provided in this section and when authorized by the Commissioner of the Department of Tourism. The Commissioner of the Department of Tourism shall establish policies for the expenditures of monies contained in the Fund.
(b) The Fund consists of all monies appropriated from time to time by the Legislature, all public or private grants, gifts, donations, bequests or devises to the Centennial Commission of the Virgin Islands or any appropriation transfers to the fund.