(a) Creation. There is created the School Construction Aid Special Fund, to be administered by the Agency of Education. Monies in the Fund shall be used for the purposes of:
(1) awarding aid to school construction projects under section 3445 of this title;
(2) awarding grants through the Facilities Master Plan Grant Program established in section 3441 of this title;
(3) funding administrative costs of the State Aid for School Construction Program; and
(4) awarding emergency aid under section 3445 of this title.
(b) Funds. The Fund shall consist of:
(1) any amounts transferred or appropriated to it by the General Assembly; and
(2) any interest earned by the Fund.