(1) The state survey and remonumentation fund is created in the state treasury as a separate fund. The fund shall be administered by the department.

    (2) Money deposited in the fund, and all interest and earnings generated by the fund, shall not lapse at the end of a fiscal year, but shall remain in the fund to be expended as provided in this act.

    (3) The fund may accept money received as gifts or donations, or money received from individuals or corporations to be used for purposes of this act.

    (4) The department may direct the department of treasury to establish restricted subaccounts within the fund as necessary to administer the fund.