- There is hereby established in the Treasury of the United States Virgin Islands a special fund (separate and distinct from the Marine and Aviation Fund established by section 2 of this title) to be designated the “Special Airport Fund”, and which shall be used exclusively for the development, improvement, operation and maintenance of public airports within the United States Virgin Islands, to be expended in accordance with appropriations by the Legislature from the Fund. There shall be covered into the Special Airport Fund all income taxes collected by the Government of the United States Virgin Islands during a period of 16 consecutive years, beginning with the calendar year 1962, up to, but not exceeding, the sum of $75,000 per annum, on income derived from the construction, improvement, maintenance and operation of the Alumina Plant and related facilities described in Act No. 814, Fourth Legislature of the Virgin Islands, from the following taxpayers:
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(a) Harvey Aluminum (Incorporated), a corporation of California or any of its affiliates, including Harvey Alumina Virgin Islands, Inc., a corporation of the United States Virgin Islands.
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(b) Any individuals, firms, corporations or other persons having contracts with any of the persons set forth in paragraph (a) above.
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(c) Any employees of any of the persons set forth in paragraph (a) or (b) above.
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- There shall also be covered into the Special Airport Fund all payments made by persons specifically to said fund provided that all such payments are approved by the Governor.
- The Legislature may appropriate or transfer additional monies out of the General Fund into the Special Airport Fund.