All fees collected by the South Carolina State Bar, pursuant to the terms of Section 40-5-20 or Section 40-5-30, shall be placed in the State Treasury immediately upon collection and shall be credited to a fund which shall be known as the State Bar Fund. All disbursements from the bar fund shall be made upon warrants signed by such officer of the bar as the South Carolina State Bar may authorize in accordance with such rules and regulations governing the fund as may be promulgated by the Supreme Court of South Carolina.

No person shall receive any compensation from the State Bar Fund for service performed in the administration of the South Carolina State Bar if at the time of the performance of the service he was a regular employee of the State of South Carolina. No rule promulgated under Sections 40-5-20 or 40-5-30 shall relate to or prescribe fees to be charged by attorneys.