Sec. 1. (a) The National Guard scholarship extension fund is established to provide the financial resources necessary to award tuition scholarships to scholarship extension applicants. (b) The commission shall administer the fund. The expenses of administering the fund shall be paid from money in the fund. (c) The fund consists of money transferred to the fund from the National Guard scholarship program reserves. (d) Money in the fund at the end of a state fiscal year does not revert to the state general fund. (e) Money in the fund may not be expended, removed, or transferred from the fund by the state board of finance, the budget agency, the commission, or any other state agency for any purpose except for the purposes specified in this chapter.
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