(A) The Marine Resources Fund is created for the purpose of receiving revenue generated from the following sources:

1. (1) revenue from the sale of saltwater licenses, permits, stamps, and tags;
2. (2) revenue generated from the sale of posters, prints, and related articles;
3. (3) revenue transmitted to the department from the Department of Motor Vehicles for specialty license plates;
4. (4) restricted interest income, contributions, and donations;
5. (5) any other source of revenue recognized by the United States Fish and Wildlife Service, where the disposition of such revenue to any other fund could be interpreted as a loss of control or misdirection of funds by the department.

(B) Revenue generated from the sale of:

1. (1) recreational saltwater privileges must be expended by the department for purposes authorized pursuant to the South Carolina Marine Resources Act of 2000. The Saltwater Recreational Fishing Advisory Committee shall assist in prioritizing the expenditure of saltwater license funds for:

   1. (a) the protection, maintenance, or enhancement of saltwater habitat important to the continued production of marine fish stocks and their food sources of significance to recreational saltwater fisheries;
   2. (b) development of recreational saltwater fishing facilities;
   3. (c) scientific research and management of recreational saltwater fisheries;
   4. (d) other programs directly benefiting recreational saltwater fisheries recommended by the Saltwater Recreational Fisheries Advisory Committee;
   5. (e) an annual report made available on the department website indicating how the previous year's funds were expended;
2. (2) commercial saltwater privileges, culture and mariculture permits, and marine permits must be expended for the administration and implementation of programs in the Marine Resources Division.