Fund created.

The "veterinary medical loan repayment fund" is created as a nonreverting fund in the state treasury. The fund consists of appropriations, gifts, grants, donations and income from investment of the fund. Money in the fund shall be used to make awards to recipients who are in compliance with the recipients' contracts, the Veterinary Medical Loan Repayment Act and rules promulgated in accordance with that act. Expenditures from the fund shall be on warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of higher education or the secretary's authorized representative.