(1) There is created a restricted account within the General Fund entitled the "LeRay McAllister Working Farm and Ranch Fund."
(2) The LeRay McAllister Working Farm and Ranch Fund shall consist of:
(a) appropriations by the Legislature;
(b) grants from federal or private sources;
(c) revenue paid in accordance with Section 59-2-506, 59-2-511, 59-2-1705, or 59-2-1710; and
(d) interest and earnings from the account.
(3) The Land Conservation Board created in Section 4-46-201 may use appropriations from the fund in accordance with Section 4-46-302.