(1) There is hereby established in the State Treasury a trust and agency account to be known as the Volkswagen settlement fund. The fund shall consist of moneys designated to the Commonwealth from that settlement.
(2) The fund shall be administered by the Energy and Environment Cabinet.
(3) Notwithstanding KRS 45.229, fund amounts not expended at the close of the fiscal year shall not lapse but shall be carried forward into the next fiscal year.
(4) Any interest earned from moneys deposited in the fund shall become a part of the fund and shall not lapse.