(1) The hemp program fund is hereby created as a separate trust fund in the State Treasury. The fund shall consist of amounts received from appropriations, and any other proceeds from gifts, grants, federal funds, application fees, or license fees provided by KRS 260.862, civil penalties as provided by KRS 260.864, and any other funds, both public and private, made available for purposes of KRS 260.850 to 260.869.
(2) The hemp program fund shall be administered by the department.
(3) Amounts deposited in the hemp program fund shall be used for the costs of personnel, program administration, testing, actual travel expenses of the advisory board established under KRS 260.860, and any other costs incurred while conducting the hemp programs under KRS 260.850 to 260.869.
(4) Notwithstanding KRS 45.229, the hemp program fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward into the next fiscal year.
(5) Any interest earnings of the hemp program fund shall become part of the fund and shall not lapse.
(6) Moneys in the fund are hereby appropriated for the purposes set forth in this section and shall not be appropriated or transferred by the General Assembly for any other purposes.