3007

(a) There is established a special fund in the Treasury of the Virgin Islands designated as the 'Public Parking Lot Fund' consisting of four separate accounts: St. Croix Public Parking Lot Fund; St. Thomas Public Parking Lot Fund; St. John Public Parking Lot Fund; and Water Island Public Parking Lot Fund. Monies shall be covered into the Fund as provided in subsection (b) of this section.\n(b) All fees collected for the use of public parking lots on each island shall be deposited in the respective island's Public Parking Lot Fund.\n(c) The Commissioner of Finance shall make available, out of the funds in each island's Public Parking Lot Fund, disbursements to the Department of Public Works, for upgrades and repairs to the respective island's public parking lot.\n(d) The Commissioner of Finance shall maintain and provide for the administration of each island's fund, and no funds therein shall be available for expenditure, except as provided in this section.