(1) There is a coal board fund administered by the department of administration. Pursuant to 17-5-703, a percentage of coal severance taxes received by the state must be deposited in this fund. Earnings not transferred to the coal natural resource account as provided in subsection (2) must be retained in the coal board fund.
(2) The coal natural resource account established in 90-6-1001 (2) receives earnings from the coal board fund as provided in 17-5-703.