(1) The Division of Environmental Quality shall collect fees, fines, and bond forfeiture amounts pursuant to this subchapter.
(2) These revenues, along with gifts, grants, donations, and other funds received under this subchapter, including all interest earned, shall be deposited into the Land Reclamation Fund established by § 15-57-319.
(3) The division shall use these funds pursuant to this subchapter for contract awards for the reclamation of affected lands as required by this subchapter.
(4) When accumulated funds equal the product of ten percent (10%) of the number of acres of affected lands times one thousand dollars ($1,000), surplus funds shall be deposited into the State Treasury as general revenues.