(1) The elevator safety program trust fund is created in the State Treasury as a separate revolving fund to be administered by the department. The trust fund shall consist of amounts deposited in the fund as provided in KRS 198B.530 and any other proceeds from grants, contributions, appropriations, or other money made available for the purposes of the trust fund.
(2) Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward to the next fiscal year to be used for the purposes set forth in this section.
(3) Any interest earnings of the trust fund shall become a part of the trust fund and shall not lapse.
(4) Trust fund moneys shall be used and are hereby appropriated for reasonable administrative expenses associated with the elevator safety.