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(1) There is created a restricted account within the General Fund known as the Utah Capital Investment Restricted Account.
(2) The restricted account shall be funded by:
(a) redemption reserve money and other money from the corporation as directed by statute; and
(b) appropriations made to the account by the Legislature.
(3) The state treasurer shall:
(a) invest money in the restricted account in accordance with Title 51, Chapter 7, State Money Management Act; and
(b) deposit interest or other earnings derived from investment of restricted account money into the restricted account.
(4) Subject to appropriations by the Legislature, the restricted account shall be administered by the Governor's Office of Economic Opportunity for economic development, infrastructure, state parks, recreation, education innovation, or other purposes as directed by the Legislature.
(5) An appropriation from the restricted account is nonlapsing.