(1) The liquid industrial by-product transporter account is created within the environmental pollution prevention fund, which is created in section 11130.

    (2) The state treasurer may receive money or other assets from any source for deposit into the account. The state treasurer shall direct the investment of the account. The state treasurer shall credit to the account interest and earnings from account investments.

    (3) Money remaining in the account at the close of the fiscal year shall not lapse to the general fund.

    (4) The department shall expend money from the account, upon appropriation, for the implementation of this part. In addition, funds not expended from the account for the implementation of this part may be utilized for emergency response and cleanup activities related to liquid industrial by-product that are initiated by the department.