(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Skills Development Fund”.
(b) The fund shall consist of:
(1) General revenues authorized by law;
(2) Moneys obtained from private grants or other sources that are designated to be credited to the fund; and
(3) Any other revenues authorized by law.
(c) The fund shall be used by the Office of Skills Development as provided in § 25-30-109.