(1) There must be created those accounts that are necessary within the federal special revenue fund established under 17-2-102 for the purposes of this part.
(2) Federal funds deposited in the accounts and interest and earnings on the accounts must be used for the following purposes or to reimburse the state for expenditures incurred for the following purposes:
(a) establishment, administration, and enforcement of the Yellowstone controlled ground water area;
(b) inventory, sampling, reporting, and database management;
(c) provision for administrative costs and the cost of any study or any other necessary activity by the technical oversight committee; and
(d) any other necessary activity pursuant to this part.