(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 fund to be known as the “Arkansas Athletic Commission Fund”.
(b)
(1) The fund shall consist of those fees set out in § 17-22-101 et seq.
(2) The fund shall be used for those purposes set out in § 17-22-101 et seq.