(1) In accordance with a plan, approved by the board, to manage buffalo herds on Antelope Island, the division may purchase, trade, sell, or dispose of buffalo obtained from Antelope Island through:

1. (a) competitive bidding; or
2. (b) a means as established by rule.

(2) Proceeds received from the sale or disposal of buffalo under this section shall be deposited as follows:

1. (a) the first $75,000 shall accrue to the division for the management of Antelope Island buffalo herds as dedicated credits; and
2. (b) proceeds in excess of $75,000 shall be deposited in the State Park Fees Restricted Account created under Section 79-4-402.