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(a) Members and officers of the National Guard of the Virgin Islands who otherwise meet the qualifications and admission standards of the University of the Virgin Islands are eligible, upon completion of one year of service in the National Guard of the Virgin Islands, for free tuition to such institution for a time period not to exceed 32 semester hours. The tuition exemption provided for in this subsection shall continue for the benefit of a member or officer only during such time as he or she remains a member or officer in good standing in the National Guard of the Virgin Islands.
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(b) No member or officer who is eligible to receive tuition assistance from the federal government as a result of his or her service in the armed forces of the United States shall be eligible for tuition exemptions under this section.
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(c) The provisions of this section shall be administered by the Board of Trustees, which shall adopt such rules and regulations as are needed to properly carry out this section.
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(d) The tuition exemptions provided for in this section shall be applied prospectively only.