(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 special revenue fund to be known as the “Arkansas Alternative Fuels Development Fund”.
(2) All moneys appropriated for the fund shall be deposited into the State Treasury to the credit of the fund as special revenues.
(3) The fund also shall consist of any other revenues as may be authorized by law.
(4) The fund shall be used by the Department of Agriculture to provide grants to support alternative fuels producers, feedstock processors, and alternative fuels distributors in Arkansas as provided under the Arkansas Alternative Fuels Development Act, § 15-13-101 et seq., or as otherwise provided by law.