(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Charleston and Fayetteville Desegregation Memorial Monument Fund”.
(b) The fund shall consist of gifts, grants, and donations from individuals and organizations as provided under the Charleston and Fayetteville Desegregation Memorial Monument Act, § 22-3-226, and other funds as may be provided by law.
(c) The fund shall be used exclusively for the purpose of erecting and maintaining a suitable monument on the State Capitol grounds in recognition of the desegregation of the Charleston and Fayetteville school districts in 1954, as provided in the Charleston and Fayetteville Desegregation Memorial Monument Act, § 22-3-226.