(1) There is created a restricted account within the General Fund known as the "Nurse Education and Enforcement Account."
(2) The restricted account shall consist of:
(a) administrative penalties imposed under Section 58-31b-503; and
(b) interest earned on money in the account.
(3) Money in the account may be appropriated by the Legislature for the following purposes:
(a) education and training of licensees or potential licensees under this chapter;
(b) enforcement of this chapter by:
(i) investigating unprofessional or unlawful conduct;
(ii) providing legal representation to the division when legal action is taken against a person engaging in unprofessional or unlawful conduct; and
(iii) monitoring compliance of renewal requirements;
(c) survey nursing education programs throughout the state;
(d) education and training of board members; and
(e) establish and review approved education programs.