(1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Graduate Medical Education Fund”.
(2) The fund shall consist of: Gifts, grants, and donations;
(3) Any revenues provided by law; and
(4) Any other funds and fund transfers authorized or provided for by law.
(5) The fund shall be administered by the Division of Higher Education as provided in § 6-82-2001 et seq., and as provided by any other relevant provisions of law.
(6) The moneys in the fund shall be disbursed at the direction of the Graduate Medical Education Residency Expansion Board as provided under § 6-82-2001 et seq.