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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Graduate Medical Education Fund”.
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(b) The fund shall consist of:
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(1) Gifts, grants, and donations;
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(2) Any revenues provided by law; and
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(3) Any other funds and fund transfers authorized or provided for by law.
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(c)
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(1) The fund shall be administered by the Division of Higher Education as provided in § 6-82-2001 et seq., and as provided by any other relevant provisions of law.
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(2) The moneys in the fund shall be disbursed at the direction of the Graduate Medical Education Residency Expansion Board as provided under § 6-82-2001 et seq.
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